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...
Bitumen Emulsion Byte
Daily Market Report
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Geopolitical Shifts and Supply Constraints Stir Volatility in Global Oil and Bitumen Markets
Global bitumen and crude oil markets experienced mixed trends last week. Crude prices dipped due to rising inventories and demand concerns. Bitumen prices rose in Singapore but fell in India. Iran faces production issues, while geopolitical tensions and OPEC+ supply changes contribute to market volatility heading into June.
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Bitumen Market Faces Pressure Amid Crude Crash, Port Disruptions, and Weak Demand
Global bitumen prices declined last week, driven by falling Brent crude and weak demand, especially from China. Indian bitumen prices dropped by $7–$8 on May 1. Despite geopolitical tensions, oversupply risks and economic stagnation continue to pressure prices. Market may stay bearish unless crude stabilizes above $60.
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India’s Oil Demand Steady Amid Geopolitical Tensions; Market Eyes OPEC+ Moves
Petroleum product prices in India show wide regional and packaging variations, with VG40, base oils, and lubricants trading at distinct levels. OPEC+ output hike and subdued demand are shaping global supply dynamics. Despite regional geopolitical tensions, oil prices remain stable due to unaffected supply chains and sufficient global inventories.
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Bitumen Market Steady Amid Global Volatility and Seasonal Demand Boost
Crude oil prices dropped sharply, with Brent at $66.18 and WTI at $62.45 per barrel, amid rising supply and weak demand. Bitumen held steady across most Asian markets, though Bahrain saw a $50 drop. Indian prices remained firm, supported by seasonal construction demand, despite overall market caution.
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Global Bitumen Market Wavers Amid Geopolitical Tensions, Oil Volatility, and Trade Sanctions
Petroleum prices showed mixed movement this week, with Brent crude closing at $66.48 and bitumen prices increasing slightly in India due to strong local demand. While no immediate disruptions have been reported from Middle Eastern tensions, underlying geopolitical uncertainty continues to influence supplier sentiment and price volatility, especially in markets like Iran. U.S.–China tensions and ongoing Iran-U.S. negotiations are also shaping market forecasts and investor behaviour.
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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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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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Bitumen Market Faces Upward Pressure Amid Rising Costs and Global Trade Shifts
Oil and bitumen prices continue to be influenced by global economic conditions. While crude oil remains volatile, bitumen prices are expected to rise in India by mid-March. Key developments include Iran’s rising bitumen demand, the U.S. maintaining record-high oil production forecasts, and India’s increasing crude oil imports. Experts predict that crude oil will remain within the $60-$80 range shortly, with volatility persisting in the bitumen market.
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Global Bitumen Market Update Amid Geopolitical and Economic Shifts
Bitumen prices remain volatile due to fluctuating crude oil prices and supply chain disruptions. OPEC+ supply cuts and geopolitical factors are influencing demand trends. While prices declined in India, refinery price hikes could trigger rebounds. Experts predict continued volatility, with geopolitical and economic developments shaping future price movements globally.
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