Bitumen
Bitumen is one of the most significant petroleum constituents. It is also known as Asphalt, a byproduct of crude. It is black in color, dense, and highly viscou...




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1 day agoBase OilBitumenGear Oil
India’s Crude Import Cost Hits 4-Year Low Amid Rising Demand and Global Price Slump
India’s average crude oil import price has fallen below $70 per barrel for the first time since August 2021, offering refiners a breather amid global volatility. Despite international supply fluctuations and geopolitical tensions, Indian fuel demand remains strong. With record-high import dependence and steady domestic consumption, refiners are likely to benefit from improved margins and better procurement terms.
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4 days agoBitumenBase OilFuel Oil
India to Benefit from Slumping Crude Oil Prices Amid Trade War Volatility
Oil prices have dipped to a four-year low, benefiting oil-importing nations like India through lower import bills and reduced inflationary pressures. Despite global market volatility and geopolitical tensions, India's economy stands to gain. However, domestic fuel prices remain unchanged amid uncertainty, while experts forecast crude to stay below $75/barrel.
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8 days agoBitumenBitumen EmulsionRust Preventive Oil
Saudi Aramco Eyes Strategic Role in India’s Refinery Expansion
India’s petroleum market is experiencing rising demand, driven by refinery expansions and strong downstream growth. Domestic product prices remain stable, while Saudi Aramco eyes investment partnerships with Indian refiners. Increased refining capacity and foreign interest signal India’s ambition to become a regional petrochemical hub and ensure long-term crude supply security.
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10 days agoBitumenBase OilGear Oil
Global Trade Tensions Stir Oil, Bitumen Market Amid Supply Shifts and Geopolitical Risks
Petroleum product prices in India remain firm amid shifting global trends. Crude oil markets face pressure from rising U.S. inventories, trade war fears, and geopolitical tensions. India saw a modest bitumen price hike, while Iran's post-holiday supply may soon affect regional dynamics. The market outlook stays cautious and sensitive to global developments.
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11 days agoBitumenBase OilGear Oil
Saudi Price Cuts Jolt Oil Market Amid Rising Supply, Global Demand Worries
Petroleum prices have softened amid rising supply and weakening global demand. Saudi Arabia’s sharp price cut and OPEC+ production hike have triggered bearish sentiment, pushing Brent to a four-year low. Oil product demand remains weak, while investor caution grows due to geopolitical tensions, trade uncertainty, and global economic slowdown concerns.
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16 days agoBitumenBase Oil
Trump Tariffs Shake Oil Trade: India Boosts US, Russian Imports
India increased its crude oil imports from the U.S. by 67% in March, while Russian imports also increased. Meanwhile, Brent crude prices remain steady below $75 per barrel. ONGC's new crude oil discovery in Uttar Pradesh could reduce India’s import dependence in the long term. Markets are watching Trump’s tariff announcement today for potential global trade disruptions.
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23 days agoBitumenBitumen EmulsionBase Oil
Geopolitical Tensions Drive Oil & Bitumen Prices Amid Supply Uncertainties
Petroleum and bitumen prices are on an upward trend in India amid geopolitical tensions, Red Sea disruptions, and strong domestic infrastructure demand. Crude discoveries and global policy shifts add to volatility. While Indian prices rise, European bitumen prices remain weak. Market outlook stays firm, though tempered by economic and geopolitical risks.
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28 days agoBase OilBitumenFuel Oil
India’s Crude Oil Imports Surge 4.7% in February, Domestic Production Declines 5.1%
Crude oil prices are showing modest gains amid OPEC+ cuts and fresh U.S. sanctions on Iran. India’s crude output continues to decline, pushing import dependence to 89.4%. Global supply remains tight. Despite optimistic trends, domestic production struggles persist, reinforcing the need for upstream investment and policy reforms.
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29 days agoBase OilBitumen
Base Oil Market Steady Amid Soft Demand and Geopolitical Influences
Crude oil prices rebounded amid China’s economic growth and geopolitical risks. India’s crude imports increased, with Russia emerging as the top naphtha supplier. Base oil prices remained mostly stable, though buyer sentiment remained cautious. Market volatility is expected due to global economic policies, supply chain disruptions, and geopolitical tensions.
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