Roadgrip Bitumen Emulsion (RS 1) in Mathura

Bitumen prices across grades are influenced by rising crude oil costs driven by seasonal heating demand and increased consumption in China. In India, bitumen prices show slight variations due to currency fluctuations and strong competition among regional suppliers.

Oil prices rose for the fourth consecutive week due to tightening global supply, US sanctions on Russian oil, and increased demand from extreme winter conditions. OPEC+ production cuts and declining US crude inventories further supported the upward trend. However, declining demand from China and increased non-OPEC production continue to counterbalance these factors, resulting in expected price volatility.

Crude oil prices have hit a 3-month-high, fueled by new US sanctions on Russia targeting its oil exports. Brent crude surpassed $81 per barrel, while WTI reached $78.03. These sanctions are expected to impact global oil supply, pushing nations like India and China to rely more on OPEC+ and US suppliers. Experts predict Brent prices may rise above $85 if Russian output drops further.

Crude oil prices rose as the U.S. avoided a government shutdown, boosting demand sentiment. A lower-than-expected inflation gauge fueled hopes of future rate cuts, while fears of a U.S.-EU trade war lingered. The resumption of Druzhba pipeline shipments eased European supply concerns.

Bitumen prices in India remain location and grade-specific, with VG30 and VG40 dominating the market. Consumption has surged to 8.8 million metric tonnes (MMT) in FY24, driven by robust road construction activity.

Crude oil prices declined after U.S. President Donald Trump urged Saudi Arabia to lower oil prices and increase investments. Trump's remarks at Davos and new tariff threats have heightened market volatility. While U.S. crude stock declines provide short-term support, global oversupply and weak Chinese demand continue to pressure oil futures.

Crude oil prices saw a decline on Thursday as US inventory levels rose for the first time in five weeks, coupled with ongoing global economic uncertainties and oversupply concerns. The market remains under pressure due to OPEC+ production dynamics, potential US tariff policies, and fluctuating demand influenced by China’s economic outlook.

Crude oil prices remained flat as global markets responded to U.S. tariff threats and rising geopolitical risks. China's crude imports are projected to grow only 1% in 2025, reflecting near-peak demand. Market trends are influenced by vehicle electrification, economic shifts, and geopolitical developments like tariffs and U.S. production boosts.

Crude oil prices remain stable with slight fluctuations, influenced by global demand-supply dynamics. China’s high crude surplus and OPEC’s forecast for economic growth highlight potential price increases. India faces challenges in securing Russian oil due to sanctions, which could impact domestic prices. Strategic approaches may mitigate significant disruptions.