Weekly bitumen report: Iran Refineries Compete for Vacuum Bottom Purchases as the Monsoon ends

The US Federal Reserve raised interest rates to contain inflation. Inflation in the US is decreasing, while in the Eurozone, it has dropped to its lowest level in...

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30-july

Weekly Bitumen Report: A Promising Market in August and September

On July 26, the Federal Reserve of USA increased interest rate to its highest level i.e. 0.25% during the last 22 year to control the inflation and it...

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Weekly Oil Report: Purchase Power Stronger Than Expected

Bullish sentiment is growing stronger despite some economic objections against crude oil. On July 21, Brent oil closed at $80.67 and WTI settled around $76.77. Check out the...

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Weekly Bitumen Report: Demand Increasing By Witnessing Higher Prices

Exchange Rates Strong competition in the bitumen industry and the strengthening Rial against the dollar led to higher prices last week. Although these two factors were crucially effective...

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25-july-1

Glencore Trading Profits Spike Despite Decreased Copper, Zinc, And Lead Production

Glencore saw its output in copper, zinc, lead and nickel dip this morning as it struggled with a downturn in production but said it expects to exceed its...

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2023-07-21_znmzbctlhm

A Nickel Glut Is Looming

Supply of nickel deliverable to the London Metal Exchange could jump next year by 35% compared to 2022 levels as new plants for nickel processing in China and...

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2023-07-21_1uxbqwajy7

Mayfair And Morgan Stanley Raise Stake In UK Gas Supplier Despite Profit Slump

Ovo Group (Ovo) shareholders have raised their stakes in the company in transactions worth £200m, which has been announced the same day the company revealed a hefty downturn...

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2023-07-21_qhmekigxvt

Asia Snapping Up U.S. Crude Oil In Near Record Amounts

Asia has scheduled near-record volumes of U.S. crude oil to be shipped next month, according to trade sources who spoke to Reuters. Between 1.5 million and 1.9 million...

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2023-07-21_eszkev9ckw

U.S. Oil Rig Count Continues To Drop

The total number of active drilling rigs in the United States fell by 6 this week, according to new data from Baker Hughes published Friday. The total rig...

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2023-07-21_crfznr7j5d

UAE Says OPEC+ Cuts Are Enough To Support The Oil Market

The current moves of OPEC+ to cut oil production are enough to support the market, Suhail al-Mazrouei, the energy minister of the United Arab Emirates (UAE), told Reuters...

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2023-07-21_1tasojgdf6