08 Jun 2026

07:39

  • Bitumen 60/70

    438$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.8%

  • Bitumen 60/70

    438$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.8%

  • Bitumen 60/70

    418$

    +

    -

    15$

    FOB Bandar Abbas - Jumbo Bag

    -1.9%

  • Bitumen 60/70

    408$

    +

    -

    15$

    FOB Bandar Abbas - Flexitank

    -1.2%

  • Bitumen VG10

    429$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.9%

  • Bitumen VG30

    430$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.9%

  • Bitumen VG40

    432$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.9%

  • Bitumen C170

    433$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.8%

  • Bitumen C320

    432$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.9%

  • Bitumen AH70

    422$

    +

    -

    15$

    FOB Bandar Abbas - Jumbo Bag

    -1.9%

  • Bitumen PG 76-10

    610$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.3%

  • Bitumen 200/300

    428$

    +

    -

    15$

    FOB Bandar Abbas - New Steel Drum

    -1.9%

  • Bitumen Oxidized 115/15

    392$

    +

    -

    15$

    FOB Bandar Abbas - Carton 25KG

    -2.0%

  • Bitumen Oxidized 105/15

    392$

    +

    -

    15$

    FOB Bandar Abbas - Carton 25KG

    -2.0%

  • Bitumen Oxidized 85/25

    394$

    +

    -

    15$

    FOB Bandar Abbas - Carton 25KG

    -2.0%

  • Bitumen Oxidized 95/25

    394$

    +

    -

    15$

    FOB Bandar Abbas - Carton 25KG

    -2.0%

  • Bitumen Emulsion CRS-1

    576$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -1.4%

  • Bitumen Emulsion K1-60

    576$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -1.4%

  • Bitumen Emulsion CRS-2

    619$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -1.3%

  • Bitumen Cutback MC70

    630$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -1.3%

  • Bitumen Cutback MC30

    645$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -1.2%

  • Bitumen Cutback MC250

    616$

    +

    -

    15$

    FOB Bandar Abbas - Reconditioned Drum

    -1.3%

  • HSFO CST 180

    571$

    +

    -

    5$

    FOB Bandar Abbas - Bulk

    -2.6%

  • HSFO CST 380

    567$

    +

    -

    5$

    FOB Bandar Abbas - Bulk

    -3.0%

  • HSFO CST 180

    616$

    +

    -

    5$

    FOB Singapore - Bulk

    -2.6%

  • HSFO CST 380

    612$

    +

    -

    5$

    FOB Singapore - Bulk

    -2.9%

  • Crude Oil Dubai

    102.56$

    +

    -

    5$

    FOB UAE - Bulk

    2.5%

  • Crude Oil WTI

    94.93$

    +

    -

    5$

    Texas - Bulk

    2.1%

  • Crude Oil Brent

    97.56$

    +

    -

    5$

    London - Bulk

    2.6%

Why U.S. Drillers Can’t Solve the World’s Oil Supply Crisis

codarx

codarx

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Update date: 2026/05/09

Since he came into office in January 2025, United States President Trump has been pushing oil companies to “Drill, baby, drill!” However, despite being given free rein to increase oil production, several oil and gas companies have been cautious of increasing output too much due to volatile energy prices and the huge expense of conducting new exploration and drilling operations. Therefore, countries facing shortages, due to the ongoing geopolitical crisis between the U.S. and Israel with Iran and other Middle Eastern powers, cannot simply…

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