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13 Mar 2025

21:30

Bitumen 60/70

333$

+

-

3$

Iran - Bulk

3.3%
Bitumen 60/70

405$

+

-

3$

Iran - New Steel Drum

2.7%
Bitumen 60/70

405$

+

-

3$

Iran - New Steel Drum

2.7%
Bitumen 60/70

380$

+

-

3$

Iran - Jumbo Bag

2.9%
Bitumen 60/70

371$

+

-

3$

Iran - Flexitank

3.0%
Bitumen VG10

397$

+

-

3$

Iran - New Steel Drum

2.8%
Bitumen VG30

397$

+

-

3$

Iran - New Steel Drum

2.8%
Bitumen VG40

400$

+

-

3$

Iran - New Steel Drum

2.8%
Bitumen C170

401$

+

-

3$

Iran - New Steel Drum

2.7%
Bitumen C320

400$

+

-

3$

Iran - New Steel Drum

2.8%
Bitumen AH70

396$

+

-

3$

Iran - Jumbo Bag

2.8%
Bitumen PG 76-10

411$

+

-

3$

Iran - New Steel Drum

2.7%
Bitumen 200/300

400$

+

-

3$

Iran - New Steel Drum

2.8%
Bitumen Oxidized 115/15

363$

+

-

2$

Iran - Carton 25KG

3.0%
Bitumen Oxidized 105/15

363$

+

-

3$

Iran - Carton 25KG

3.0%
Bitumen Oxidized 85/25

363$

+

-

3$

Iran - Carton 25KG

3.0%
Bitumen Oxidized 95/25

366$

+

-

3$

Iran - Carton 25KG

3.0%
Bitumen Emulsion CRS-1

505$

+

-

5$

Iran - Reconditioned Drum

2.2%
Bitumen Emulsion K1-60

539$

+

-

5$

Iran - Reconditioned Drum

2.0%
Bitumen Emulsion CRS-2

552$

+

-

5$

Iran - Reconditioned Drum

2.0%
Bitumen Cutback MC70

626$

+

-

5$

Iran - Reconditioned Drum

1.8%
Bitumen Cutback MC30

636$

+

-

5$

Iran - Reconditioned Drum

1.7%
Bitumen Cutback MC250

606$

+

-

5$

Iran - Reconditioned Drum

1.8%
HSFO CST 180

439$

+

-

5$

Iran - Bulk

-0.5%
HSFO CST 380

436$

+

-

5$

Iran - Bulk

0%
HSFO CST 180

460$

+

-

5$

Singapore - Bulk

-0.2%
HSFO CST 380

457$

+

-

5$

Singapore - Bulk

0%
Crude Oil Dubai

69$

+

-

5$

United Arab Emirates - Bulk

1.4%
Crude oil WTI

67$

+

-

5$

United States - Bulk

1.5%
Crude Oil brent

72$

+

-

5$

United Kingdom - Bulk

0%

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Hectic Rising Markets Formed by the Middle East Tension

Hectic Rising Markets Formed by the Middle East Tension

The Heat of War As the tensions in the Middle East and the Hamas-Israel war fired up during the week, prices in crude and other petroleum products including bitumen increased in many regions. Yet, the situation was not similar in all the markets. For instance, the price in Europe and West Asia decreased while East...

Publish Date: 2023/10/24

Tensions in the Middle East Inflated the Market

Tensions in the Middle East Inflated the Market

Rising crude oil and fuel prices are likely to lead to an increase in Iran’s vacuum bottom production. The market is under significant pressure due to the surge in prices.At the onset of the recent Middle East conflict last week, the global Brent crude oil index rose by 4.1% in Asian trading on Monday, October...

Publish Date: 2023/10/22

Middle East Tensions and Uncertain Direction of Markets

Middle East Tensions and Uncertain Direction of Markets

Tensions Increasing The tensions in the Middle East are increasing uncertainties in the region. Hamas-Israel war is causing concerns against crude supply. The uncertainty is not only seen in crude oil but also in all petroleum products. Market factors are very complicated and sometimes opposite. Demand is rising, for instance, while there are some talks...

Publish Date: 2023/10/17

Does Hamas-Israel War Tense the Global Economy?

Does Hamas-Israel War Tense the Global Economy?

Hamas’ attack on Israel on October 7th disrupted the Middle East’s balance of power and had significant global impactsOn October 7th, the Middle East saw a significant disruption in its political landscape when Hamas launched an attack on Israel. The repercussions of this event extended beyond the region and had a global impact. Notably, crude...

Publish Date: 2023/10/15

Rising Prices Despite Oil fall

Rising Prices Despite Oil fall

War and Conflicts While several bitumen traders were pending their orders because of the crude oil sudden fall, the geopolitical changes in the Middle East caused more concerns for them. Let’s have a short review of the two most effective factors of this week. Brent oil fell to 83.49 USD on Friday and it brought...

Publish Date: 2023/10/10

Sudden Detour in the Oil and Bitumen Global Market

Sudden Detour in the Oil and Bitumen Global Market

Brent crude oil prices, which had been on the rise for weeks, fell below 90 USD, and even OPEC+’s efforts at its 50th meeting couldn’t bring prices back up.After a few weeks of tracking an upward trend in Brent crude oil prices, they experienced a decline below the 90 USD mark. Even the OPEC+ meeting...

Publish Date: 2023/10/08

Growth of Petroleum Products Continues

Growth of Petroleum Products Continues

Demand May Increase Petroleum products markets had lots of attention again similar to the last several weeks. Although crude oil had a slight price correction, demand didn’t stop. According to big financial organizations such as Goldman Sachs and JP Morgan, oil prices will be around 100 for 2023. Considering these projections, people are expecting higher...

Publish Date: 2023/10/03

An Uninhibited Rise of Oil Market in the 4th Week of September

An Uninhibited Rise of Oil Market in the 4th Week of September

Iran’s market faced a tough week with rising production costs, increased export product prices, limited competition, etc.According to the EIA report, the annual oil reserves in the United States decreased by 3.31%, marking the most substantial decline since last December. Simultaneously, the future prices of WTI crude oil rose to 93 USD, which is the...

Publish Date: 2023/10/01