Bitumen Emulsion
Bitumen emulsion is a crucial element in road construction projects, as it helps in the binding of road elements., Furthermore, it also seals and protects the r...
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India's Bitumen Market: Resilient Demand Amid Currency Pressures
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.
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Oil Prices Surge Amid Tightening Supply and US Sanctions; OPEC+ Cuts and Winter Demand Drive Volatility
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.
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Oil Prices Surge Amid Rising Sanctions on Russia and Supply Concerns
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.
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