Bitumen Price December 2021

New Steel Drum Bitumen Price December 2021

Months1st Week2nd Week 3rd Week 4th Week
December425-435400-410380-390380-390

Bulk Bitumen Price December 2021

Months1st Week2nd Week 3rd Week 4th Week
December360-370335-345310-315310-315

Pasargad Embossed Bitumen Price December 2021

Months1st Week2nd Week 3rd Week 4th Week
December450-460400-410380-390380-390

Jey Embossed Bitumen Price December 2021

Months1st Week2nd Week 3rd Week 4th Week
December450-460400-410380-390380-390

 

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.

 

 

Latest Bitumen Price

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.