Bitumen price October 2021

New Steel Drum Bitumen Price October 2021

Months1st Week2nd Week 3rd Week 4th Week
October375-385380-385425-435450-460

 

Bulk Bitumen Price October 2021

Months1st Week2nd Week 3rd Week 4th Week
October305-310310-315345-355375-385

Pasargad Embossed Bitumen Price October 2021

Months1st Week2nd Week 3rd Week 4th Week
October380-390380-390435-445465-478

Jey Embossed Bitumen Price October 2021

Months1st Week2nd Week 3rd Week 4th Week
October380-390380-390435-445465-478

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 in India

 

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 in Iraq

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.