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13 Mar 2025

23:31

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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Key Market Forces Supporting Crude Oil and Bitumen Trends

Key Market Forces Supporting Crude Oil and Bitumen Trends

After months of stability, bitumen prices in Iran are rising due to higher costs and a weaker US dollar. The unsuccessful assassination attempt on Donald Trump and the subsequent increase in his chances of winning the next U.S. presidential election have led to a sustained uptrend in commodity markets over the past week. Amid the...

Publish Date: 2024/07/21

Political Shifts Worldwide and Increasing Oil and Bitumen Prices

Political Shifts Worldwide and Increasing Oil and Bitumen Prices

Iran’s market recorded over 60,000 vacuum bottom sales with 4% competition among manufacturers. Despite export challenges, bitumen prices are rising.The first U.S. presidential debate occurred, and many viewed Trump as the winner. Subsequently, Democratic pressure on Biden to withdraw from the election intensified. Meanwhile, Iran’s run-off presidential election is scheduled for July 5. The candidates...

Publish Date: 2024/07/08

Rising Oil Demand and Resilient Bitumen Prices

Rising Oil Demand and Resilient Bitumen Prices

With less than 10 days until the presidential elections in Iran, bitumen prices are facing increased pressure due to election-related conditions and rising costs.During the past week, oil prices reached their highest level. Reuters attributes this surge to concerns over escalating tensions and their impact on oil demand, exacerbated by an unexpected increase in the...

Publish Date: 2024/06/23

Bitumen Prices Feeling the Heat as Crude Oil Experiences an Abrupt Drop

Bitumen Prices Feeling the Heat as Crude Oil Experiences an Abrupt Drop

In Iran, rising transportation and local costs are pressuring bitumen prices, challenging exporters amid falling oil prices.On Thursday, Putin cautioned the United States and the West that Russia can supply weapons to other nations to target these areas. This was in response to the U.S. and its allies allowing Ukraine to use their weapons to...

Publish Date: 2024/06/09

Increase in Prices are Highly Expected

Increase in Prices are Highly Expected

In Iran, despite heavy pressure on exporters, refinery competition is minimal and prices have remained stable.Israel’s national security adviser to the prime minister indicated that the Gaza conflict might extend throughout 2024, amidst severe humanitarian crises in Gaza and widespread global protests. As international concern grows over Gaza’s dire conditions, Russia has renewed its offensive...

Publish Date: 2024/06/02

Mixed Price Trend in the World

Mixed Price Trend in the World

US dollar devaluation in Iran led to the surge in bitumen prices, in spite of insignificant competition among the Iranian refineries and stability in oil prices.Despite warnings from Europe and America, Israel’s conflict with Hamas has intensified in populated areas. On Wednesday, the European Union urged Israel to halt its offensive in Rafah immediately, warning...

Publish Date: 2024/05/19

Demand Keeps Increasing in The Middle East

Demand Keeps Increasing in The Middle East

Slow Improvement of MarketsOil prices became a concern for traders but it started the week with a few improvements. Brent price is still in the range of $ 82 – $ 84 and WTI is staying above $ 78. The US Department of Energy has decided to refill a part SPR with WTI at $...

Publish Date: 2024/05/14

Confusion Runs While Oil Directions Settle

Confusion Runs While Oil Directions Settle

Iran’s prices held steady despite a 12% increase in vacuum bottom prices, as refinery competition remained low.Last week, Putin secured his fifth term as Russia’s president and justified Russia’s conflict with Ukraine. The US threatened to halt military aid to Israel unless they ceased attacks on Rafah. Peace talks between Israel and Hamas continued with...

Publish Date: 2024/05/12