13 Mar 2025

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Bitumen Price Articles

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Are bitumen prices really rising?
Are bitumen prices really rising?

Time to read: 1 minutes

Writer: Shirin Yousefi

Crude fall Crude oil posted its biggest weekly gain since March 2022, tipping the market. The bitumen also warmed up last week. Is this really a trend reversal? Brent closed at $98.33 on Friday, October 7 and WTI was trading at $93.13. On the WTI daily chart, we can spot a hidden divergence between the...

2022/10/16

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Sudden Growth and Confusion
Sudden Growth and Confusion

Time to read: 1 minutes

Writer: Mahnaz Golmohammadian

Mixed Opinions In the Middle East, prices increased by 55% during the last week compared to the base price. The market is not yet adjusted to the quick changes. Currently, the new steel drum of the Middle East is in the range of $ 425 – $ 435 and the bulk bitumen is fluctuating in...

2022/10/11

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2M Cut By OPEC Plus
2M Cut By OPEC Plus

Time to read: 2 minutes

Writer: Shirin Yousefi

US Election Compromised The 33rd OPEC + meeting took place on Wednesday 5 October 2022, the first face-to-face meeting since the rise of Corona in the world. The members of this union have decided to reduce oil production to 2 million barrels per day from November 1, 2022. This is the largest decline since the...

2022/10/09

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Bitumen Sudden Growth in the Middle East
Bitumen Sudden Growth in the Middle East

Time to read: 30 second

Writer: Mahnaz Golmohammadian

Crude Bullish Sentiment In the Middle East, bitumen price has been increasing during the last couple of days. There was a hot competition among refineries in the tender for vacuum buttom. The bulk bitumen is currently in the range of $ 320 – $ 330 in the region. The new steel drum is also in...

2022/10/04

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The War Between High Demand, Soaring Bitumen Prices
The War Between High Demand, Soaring Bitumen Prices

Time to read: 1 minutes

Writer: Shirin Yousefi

Crude Oil Pressures On the 218th day of the Russo-Ukrainian war, Moscow declared that more than 99% of the inhabitants of 4 eastern regions of Ukraine, including Donetsk, Kherson, Zaporizhia, and Luhansk, had voted to join Russia. However, Ukraine and some Western countries objected to the nature of this vote. The impact of this vote...

2022/10/02

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Demand is Here Despite the Price Weakness
Demand is Here Despite the Price Weakness

Time to read: 1 minutes

Writer: Shirin Yousefi

Oil Downtrend Singapore fuel opened lower on Monday. It decreased by about $ 10 to $ 12. Iran had a 16% fall in bitumen price, yet there was a hot competition among Iranian refineries, about 13 % – 20 % after the fall. Singapore’s price was steady on Monday and it was about $ 550....

2022/09/27

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Fluctuations Occur with Fears and Insecurities
Fluctuations Occur with Fears and Insecurities

Time to read: 1 minutes

Writer: Shirin Yousefi

Oil Charts The oil price balance in the second week of September fell and then rose again. Bitumen has also seen fluctuations, but demand has not stopped. According to the statistics, Brent eventually closed at $91.53 and WTI was trading at $85.28 on Friday. WTI pauses in the 90-81 range. In the Brent and WTI...

2022/09/25

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Economy Driving Market Uncertain
Economy Driving Market Uncertain

Time to read: 30 second

Writer: Mahnaz Golmohammadian

Mixed Sentiments Commodity market participants were in hard situations for making a decision. Yet, they decided to make new purchases to fulfil their commitments and projects on time. Construction projects and export markets of bitumen are getting more active gradually. Most bitumen markets were volatile during last week along with crude oil. Bahrain’s bitumen price dropped by...

2022/09/20

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Conflicting Signals and Confusion
Conflicting Signals and Confusion

Time to read: 1 minutes

Writer: Shirin Yousefi

Projects Go On In the last 6 days, the price of fuel in Singapore has dropped by a total of around $45, and out of that $35 has been recovered in the same period. These fluctuations and a more than 10% increase in fuel value in just 6 days can be a sign of market...

2022/09/18

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