New Steel Drum Bitumen Price December 2021
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| December | 425-435 | 400-410 | 380-390 | 380-390 |
Bulk Bitumen Price December 2021
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| December | 360-370 | 335-345 | 310-315 | 310-315 |
Pasargad Embossed Bitumen Price December 2021
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| December | 450-460 | 400-410 | 380-390 | 380-390 |
Jey Embossed Bitumen Price December 2021
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| December | 450-460 | 400-410 | 380-390 | 380-390 |
Bitumen price December 2021
As the title shows, in this article, we tend to discuss the bitumen price
December 2021, the fluctuations, the market and demands. Generally,
oil prices traded lower on Thursday, signaling that the Omicron variant
was more controllable than previously thought, and improved despite
travel restrictions imposed by several countries due to increased cases of covid. Moreover, the oil market has been hesitant in recent days about how
seriously it should take the threat of falling fuel demand again. The omicron variant has a higher prevalence than previous mutations in the coronavirus,
but preliminary data suggest that its pathogenicity is milder. Brent crude
traded up 2.1 percent at $76.85 a barrel on the New York Mercantile Exchange. In fact, Brent crude was up 1.8 percent on Wednesday. The global
market index recorded 4.5% weekly growth.
West Texas Intermediate traded up 1.4 percent at $73.79 a barrel. The
US oil index grew by 4.1% every week. According to Refinican Icon,
trading volume was light and only 214,000 contracts were traded next
month, while the daily average for the last 200 days was 381,000. “The destruction of demand that everyone thought was going to happen would
not happen,” said Philip Flynn, senior analyst at Price Futures Group in Chicago. However, some governments have imposed strict travel restrictions to
combat the prevalence of the Omicron variant, which can hurt
demand even if it leads to lower hospitalizations.
Bitumen price December 2021 and the Omicron variant effects
On the other hand, the Chinese city of Xi’an on Wednesday ordered its 13
million residents to stay home. Scotland has also imposed a three-week ban
on rallies from December 26, and two Australian states have made it
mandatory to wear masks to increase the incidence. The United States
has licensed COVID-19 antiviral pills, manufactured by Pfizer and Merck,
and FDA officials say both pills are effective against the Omicron variant. Strazenka, citing laboratory studies at the University of Oxford, said three
doses of the company’s COVID-19 vaccine were effective against the
Omicron variant.
Bitumen price December 2021 and the Us oil market
According to Reuters, Bakerhouse Energy Services announced on Thursday
that the number of US oil and gas rigs has increased this week for the
third week in a row, reaching its highest level since April 2020. The number
of US oil and natural gas drilling rigs increased by seven to 586, indicating
that production will increase in the coming months. It’s also important to
know that the US Department of Energy agreed to withdraw 250,000 barrels
of oil from strategic reserves that will be given to Marathon Petroleum
in the form of a swap. Additionally, the ministry has provided more than
five million barrels of strategic oil reserves to boost the country’s fuel supply,
and delivered the first swap to ExxonMobil earlier this month.
