Bitumen Price February 2021

New Steel Drum Bitumen Price February 2021

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Bulk Bitumen Price February 2021

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Pasargad Embossed Bitumen Price February 2021

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Jey Embossed Bitumen Price February 2021

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Bitumen price February 2021

As the title indicates, we tend to talk about the bitumen price February 2021

and the price fluctuations of oil that have notably affected the

petrochemical products prices. Generally speaking, Crude oil prices hit a nine-month high. Some analysts say the primary reason for the rise in the price of

black gold above $52 is the decline in US oil reserves and, of course,

optimism about the effectiveness of the corona vaccine in controlling this pandemic. However, the World Energy Organization says rapid price growth

is temporary and it will take some time for demand to return to pre-epidemic levels.bitumen price February 2021

Market; Energy Group: Today, crude oil prices reached the highest level in

the last 9 months. As a matter of fact, price growth, which some analysts

attribute to declining US oil reserves and, of course, optimism about the effectiveness of the corona vaccine in controlling the pandemic. US oil reserves fell 3.1 million barrels in the week to December 11, according to a report

released by the US Energy Information Administration. Economists were

already talking about a 1.9 million barrel drop in US crude oil. Nevertheless,

it seems that the situation is worse than expected for this country.

 

Latest Bitumen Price

 

Oil and bitumen February 2021

Likely to return to severe restrictions and reduced demand,

but with oil prices hovering above $52 today, the International Energy Agency said in its latest report that demand around the world is weak and it will

take some time for demand to return to pre-epidemic levels. According to a report released in December, the agency cut its forecast for global oil

demand growth to 170,000 barrels per day in 2021 to 5.7 million barrels. In addition, as the number of people infected with the coronavirus increases, countries are likely to impose stricter restrictions on the Christmas

holidays, which will reduce the demand for oil in the global market.

Roughly speaking, the number of cases now stands at more than 74.2

million worldwide, according to Johns Hopkins University on Thursday. The United States, the world’s largest consumer of oil, still has over 16.9

million people, compared to over 9.9 million in India. In fact, the International Energy Agency said in its latest report that demand around the world is

weak and it will take some time for demand to return to pre-epidemic levels. According to a report released in December, the agency cut its forecast for

global oil demand growth to 170,000 barrels per day in 2021 to 5.7 million barrels.bitumen price February 2021