05 Jan 2026

12:29

  • Bitumen 60/70

    372$

    +

    -

    2$

    FOB Bandar Abbas - New Steel Drum

    -0.5%

  • Bitumen 60/70

    372$

    +

    -

    2$

    FOB Bandar Abbas - New Steel Drum

    -0.5%

  • Bitumen 60/70

    352$

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    -

    3$

    FOB Bandar Abbas - Jumbo Bag

    -0.6%

  • Bitumen 60/70

    430$

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    -

    3$

    FOB Bandar Abbas - Flexitank

    21.4%

  • Bitumen VG10

    363$

    +

    -

    2$

    FOB Bandar Abbas - New Steel Drum

    -0.6%

  • Bitumen VG30

    364$

    +

    -

    2$

    FOB Bandar Abbas - New Steel Drum

    -0.5%

  • Bitumen VG40

    366$

    +

    -

    3$

    FOB Bandar Abbas - New Steel Drum

    -0.5%

  • Bitumen C170

    367$

    +

    -

    3$

    FOB Bandar Abbas - New Steel Drum

    -0.5%

  • Bitumen C320

    366$

    +

    -

    3$

    FOB Bandar Abbas - New Steel Drum

    -0.5%

  • Bitumen AH70

    356$

    +

    -

    3$

    FOB Bandar Abbas - Jumbo Bag

    -0.6%

  • Bitumen PG 76-10

    544$

    +

    -

    3$

    FOB Bandar Abbas - New Steel Drum

    -0.4%

  • Bitumen 200/300

    362$

    +

    -

    2$

    FOB Bandar Abbas - New Steel Drum

    -0.6%

  • Bitumen Oxidized 115/15

    364$

    +

    -

    2$

    FOB Bandar Abbas - Carton 25KG

    -0.5%

  • Bitumen Oxidized 105/15

    326$

    +

    -

    2$

    FOB Bandar Abbas - Carton 25KG

    -0.6%

  • Bitumen Oxidized 85/25

    328$

    +

    -

    2$

    FOB Bandar Abbas - Carton 25KG

    -0.6%

  • Bitumen Oxidized 95/25

    328$

    +

    -

    2$

    FOB Bandar Abbas - Carton 25KG

    -0.6%

  • Bitumen Emulsion CRS-1

    510$

    +

    -

    5$

    FOB Bandar Abbas - Reconditioned Drum

    -0.4%

  • Bitumen Emulsion K1-60

    510$

    +

    -

    5$

    FOB Bandar Abbas - Reconditioned Drum

    -0.4%

  • Bitumen Emulsion CRS-2

    553$

    +

    -

    5$

    FOB Bandar Abbas - Reconditioned Drum

    -0.4%

  • Bitumen Cutback MC70

    564$

    +

    -

    5$

    FOB Bandar Abbas - Reconditioned Drum

    -0.4%

  • Bitumen Cutback MC30

    579$

    +

    -

    5$

    FOB Bandar Abbas - Reconditioned Drum

    -0.3%

  • Bitumen Cutback MC250

    550$

    +

    -

    5$

    FOB Bandar Abbas - Reconditioned Drum

    -0.4%

  • HSFO CST 180

    316$

    +

    -

    5$

    FOB Bandar Abbas - Bulk

    -0.3%

  • HSFO CST 380

    313$

    +

    -

    5$

    FOB Bandar Abbas - Bulk

    -0.6%

  • HSFO CST 180

    340$

    +

    -

    5$

    FOB Singapore - Bulk

    -0.6%

  • HSFO CST 380

    337$

    +

    -

    5$

    FOB Singapore - Bulk

    -0.9%

  • Crude Oil Dubai

    59.83$

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    5$

    FOB UAE - Bulk

    -0.6%

  • Crude Oil WTI

    57.22$

    +

    -

    5$

    Texas - Bulk

    -0.3%

  • Crude Oil Brent

    60.71$

    +

    -

    5$

    London - Bulk

    -0.3%

Home Blog Iraqi Crude Can’t Replace Venezuelan Oil in the U.S. Market

Iraqi Crude Can’t Replace Venezuelan Oil in the U.S. Market

codarx

codarx

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Update date: 2025/12/19

The economics of shipping additional volumes of heavy crude from Iraq to compensate for a potential loss of Venezuela’s supply are just not there at present, Shafaq News reported on Friday, quoting Iraqi economist Nabil Al-Marsoumi. Concerns in the heavy crude market are that the U.S. blockade of tankers carrying Venezuelan oil and heightened tensions in the Caribbean would reduce supply of the extra heavy crude.   In theory, the sour and heavy grades from the top producers in the Middle East could be substitutes for Venezuela’s…

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