New Steel Drum Bitumen Price October 2021
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| October | 375-385 | 380-385 | 425-435 | 450-460 |
Bulk Bitumen Price October 2021
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| October | 305-310 | 310-315 | 345-355 | 375-385 |
Pasargad Embossed Bitumen Price October 2021
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| October | 380-390 | 380-390 | 435-445 | 465-478 |
Jey Embossed Bitumen Price October 2021
| Months | 1st Week | 2nd Week | 3rd Week | 4th Week |
| October | 380-390 | 380-390 | 435-445 | 465-478 |
Bitumen price October 2021
As the title shows, bitumen price October 2021 and the global variables
are the major topics of the following article. Hope you find the below mentioned discussion useful. According to Reuters, on the eve of today’s meeting of the OPEC Plus group, in which it may be decided
whether to increase oil production further, while the global economy is repairing the effects of the crisis, oil prices fell on Monday. Brent
North Sea crude fell 24 cents, or 0.3 percent, to $79.4 a barrel today, according to the report. Brent crude rose 1.5 percent last week for the fourth straight week. Besides, US crude fell 27 cents, or 0.4 percent,
to $75.61 after 6 consecutive weeks of gains.
Bitumen price October 2021 and the oil supply effects
It’s also worth mentioning that disruptions in oil supply and a recovery
in global demand have pushed up oil prices in recent weeks,
with Brent crude hitting $80 a barrel for the first time in three years. Analysts at the NZ Institute wrote in a note that the forecast of accelerating global
economic growth and the focus of investors on the upcoming OPEC Plus meeting has raised a demand for risk-taking. As demand grows faster than expected in global markets, the group is under pressure
from consumers to increase production. OPEC Plus agreed in July to increase its daily production by 400,000 barrels per month by at least April 2022. However, informed sources say that producers have
recently considered further increases in their production.According to Bloomberg News, Ehsan Abdul Jabbar announced that
the daily increase of 400,000 barrels of oil production of the Organization of Petroleum Exporting Countries (OPEC) and its allies(OPEC Plus Coalition) will be enough to meet demand. Moreover,
Abdul Jabbar’s remarks came days before a meeting of OPEC Plus oil and energy ministers to discuss the coalition’s production level. OPEC Plus oil and energy ministers agreed in July to ease their production cuts
to 400,000 barrels per day to end the supply constraint.
Bitumen price October 2021 and Iraq oil production
To be more specific, we expect this production adjustment trend to
be confirmed at this week’s meeting. The Iraqi oil minister added
that rising natural gas and coal prices in Asia and Europe could boost oil demand. According to Abdul Jabbar, a monthly increase in production
of 400,000 barrels per day will eventually help stabilize the oil and bitumen market.
