Weekly Bitumen Report : Bitumen Market Fluctuations Amidst Global Tensions

Russia has started a new chain of missile attacks throughout Ukraine, indicating a long war may be on the horizon. Additionally, China’s foreign minister has warned about the potential consequences of the US’s China policy and the emergence of a cold war.

Fluctuating Bitumen Market Due to Demand and Price Predictions

In terms of oil, the crude price has remained stable but the bitumen market has experienced some fluctuation, with South Korea’s prices increasing due to demand from China and Bahrain’s prices predicted to increase.

Meanwhile, the instability of the Rial has led to significant price changes in Iran, and the market is expected to continue to be challenging. Finally, although there were hopes for a rise in oil prices to $100, this has not yet been confirmed, and the US Federal Reserve has announced a slight reluctance to increase interest rates.

This Report was prepared by Mozhdeh Darbandizadeh, the Content specialist and market analyst of Infinity Galaxy.