New Steel Drum Bitumen Price April 2021
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| April | 355-360 | 350-355 | 350-356 | 350-358 |
Bulk Bitumen Price April 2021
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| April | 300-306 | 295-300 | 295-302 | 295-305 |
Pasargad Embossed Bitumen Price April 2021
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| April | 360-362 | 360-365 | 360-366 | 360-368 |
Jey Embossed Bitumen Price April 2021
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| April | 360-365 | 360-367 | 360-366 | 360-368 |
Bitumen price April 2021
As the title show, bitumen price April 2021 is the subject of the following article. We will analyze the market and the fluctuations in the recent month briefly. The International Energy Agency reports Iran produced 2.3 million barrels of crude
oil per day in April, the highest level of Iranian oil production since Donald
Trump imposed oil sanctions in May 2019. This, along with Kpler data,
shows that more oil is now being supplied from the Middle East. A new Kepler report shows that crude oil shipments to the region’s export tankers have
risen from 16.1 million barrels in April to 16.8 million barrels per day.
Changes in supply and demand in bitumen price April 2021
As a matter of fact, another market concern is declining demand in India,
which could have a serious impact on the Middle East crude oil prices. Respectively, India has over 314,000 fresh cases of Covid-19, the largest
overnight jump in recent cases of corona disease worldwide, the Ministry
of Health said on Thursday. New restrictions on business and social
activities in the country are likely to intensify again. This is likely to
deal another blow to the economy and, to Indian demand for crude oil.
Imports of crude oil and gas condensate by India increased in March and
early April. “Obviously, given that a mutated version of the virus is roaming
the country and a severe mutation was in cases of infection,” said Ji Maru,
senior market analyst at Vortex, which tracks shipments of goods. “India’s
crude oil imports are likely to be in serious threat.”
Bitumen price April 2021 and the OPEC decisions
Amrita Sen, the co-founder of Energy Aspects Consulting, also believes that
the Brent index will be more premium than the Dubai index most of the time
this year. “OPEC will boost its production and supply, and this will put pressure
on the prices of sour crude oil indices in the Middle East,” he said. To be more specific, age predicts that demand for crude oil in India will decline by
about 12 percent from March to about 4.4 million barrels per day due to
lower gasoline consumption in cities such as Mumbai. “The stockpile of
petroleum products is increasing under such a situation, allowing refiners
to reduce their production, and this could completely change the
equations of buying Indian oil,” he said.
Demand recovery in Europe and America
However, Paul Horsnell, head of commodity research at Standard Chartered,
sees the role of weakening market demand in India as somewhat different. “The outbreak of the new corona wave in India has caused serious concern for
oil traders and heavily pressure the market,” he said. “Nevertheless, we
should not forget the fact that rising demand in the United States, the
much-anticipated drop in demand in India offsets parts of Europe.” Horsnell
also believes that the market does not need much India at the moment to
recover global oil demand and that increased demand because of
increased vaccinations and economic reopening will be the
driving force behind the demand for crude oil.
