Bitumen Price June 2021

New Steel Drum Bitumen Price JUNE 2021

Months1st Week2nd Week 3rd Week 4th Week
June
360-370360-370345-355345-355

Bulk Bitumen Price JUNE 2021

Months1st Week2nd Week 3rd Week 4th Week
June290-300290-300280-285280-285

Pasargad Embossed Bitumen Price JUNE 2021

Months1st Week2nd Week 3rd Week 4th Week
June370-375370-375365-370365-370

Jey Embossed Bitumen Price JUNE 2021

Months1st Week2nd Week 3rd Week 4th Week
June370-375370-375365-370365-370

 

Bitumen price June 2021

and the fluctuations are the major subjects

of the following article about which we tend to talk. Respectively, Washington geopolitical analysts are increasingly expecting the United States and Iran

to reach an agreement by the end of this month that will lead to the

lifting of sanctions on oil, petrochemicals, shipping,

and other key sectors by the third quarter of 2021.

Bitumen price June 2021 and the JCPOA agreement

To be more specific, analysts predict that European and Asian oil buyers will

begin negotiations to buy from Iran when the JCPOA agreement is

announced, but will probably wait for the Biden government to lift sanctions to buy. In other words, analysts predict Iran could bring oil production back to

pre-sanctions levels of about 3.9 million barrels per day by next year. According

to the latest OPEC plus S&P Global Platts poll, Iran produced

2.3 million barrels per day of oil in March.

Indirect talks between the United States and Iran, which began in Vienna in

early April, offer the prospect of reaching a framework for a return to the

2015 JCPOA agreement. “Progress in Vienna has been slow but steady,

” said Fernando Ferreira, director of the Rapid Energy Group’s geopolitical risk service. As a matter of fact, we saw the flexibility of both sides in the

negotiations because Biden wants to move fast and Tehran knows

that some sanctions will remain.

Latest Bitumen Price

Bitumen price in June and US – Iran negotiations

“An agreement is about to be ready by the end of May that includes a

waiver of sanctions for the sale of 500,000 barrels per day of oil, followed

by a waiver,” said Ash Singh, director of supply and production analysis at

S&P Global Platts Analytics. It’s needless to mention that we will announce the

full imposition of oil sanctions by the end of September. This timeline is

faster than the outlook for a potential deal in August and

the lifting of sanctions by the end of the year last month.

Platts Analytics predicts that Iran’s crude oil and condensate exports will reach

1.5 million barrels by January 2022, up from 825,000 barrels per day in the

first quarter of 2021 and 420,000 barrels per day in the third quarter. Rapidan Energy Group predicts an 80% chance of agreeing by mid-or late

May and two to three months to implement it and expects Major Iranian

oil exports to recover in the third quarter of 2021 and reach a production

capacity of 3.5. To put it differently, one million barrels per

day by the end of the year.