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23 hours agoBitumenBitumen Emulsion

Roadgrip Unveils Fresh Bitumen, Emulsion Prices; Singapore Cargoes Outpace Mideast Levels

Bitumen prices remain steady in India with VG40 bulk at ₹36,300/MT (Karwar) and VG30 drums at ₹37,800/MT (Mundra). Internationally, Singapore-origin cargoes ($430.50/t FOB) are gaining traction as Middle East supplies tighten. South Africa faces rising import dependence with Natref’s production halt, prompting a shift toward Asia-Pacific sourcing despite higher costs.
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8 days agoBitumenBitumen Emulsion

Bitumen Market Steady with Mild Bearish Undertone Ahead of Post-Monsoon Rebound

Bitumen prices in India remain steady, supported by a stable rupee and softer crude benchmarks. Seasonal monsoon conditions continue to depress demand, though supply from Iraq and Iran remains consistent. With crude softening and INR stable, parity costs are under mild downward pressure. A demand rebound is expected post-monsoon.
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14 days agoBitumenBitumen EmulsionBase Oil

Russian Urals Crude Gains Ground in Asia as U.S.–India Trade Tensions Escalate

Russian Urals crude maintains a strong pricing edge over Saudi grades, reshaping Asian trade flows. China and India increase reliance on discounted Russian barrels, while U.S. tariffs on Indian imports raise geopolitical tension. Saudi Aramco adjusts supplies to defend market share. Competitive pricing and politics drive short-term crude market trends.
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20 days agoBitumenBitumen EmulsionBase Oil

Crude and Bitumen Prices Ease Amid Weak Demand, Stockpile Surge

Crude oil and bitumen prices softened amid weak demand and rising stockpiles, especially in the U.S. Trade tensions and geopolitical uncertainties added further downward pressure. Bitumen prices in Europe dipped slightly, while Bahrain held steady. Markets remain volatile, with investor sentiment cautious ahead of further trade and policy developments.
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27 days agoBitumenBitumen EmulsionBase Oil

Tariff Turbulence Hits Oil Trade: Indian Refiners Navigate Pressure from U.S. and EU Sanctions

India's oil market remains tight as refiners rush to replace Russian crude amid geopolitical tensions and Western scrutiny. Brent and WTI prices remain steady, but Indian bitumen prices vary across grades and locations. Urgent tenders and sourcing shifts point to rising procurement costs and heightened volatility in global energy markets.
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1 month agoBitumenBitumen EmulsionBase Oil

Oil Market Gains Amid US Crude Draw and Russian Export Cuts

Bitumen and base oil prices showed mixed regional trends, with sharp drops in VG40 and firm furnace oil rates. Crude oil markets strengthened on falling U.S. inventories and Russian export cuts. Despite temporary supply easing from Venezuela, global prices are expected to remain firm, supported by supply constraints and geopolitical developments.
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1 month agoBitumenBitumen EmulsionRust Preventive Oil

Rosneft-EU Sanctions Impact on Indian Refining and Oil Trade

Despite EU sanctions on Nayara Energy, India’s bitumen and base oil markets remain stable. Prices hold firm, driven by strong domestic demand and steady supply. While geopolitical risks may impact long-term trade dynamics, India’s neutral stance and Nayara’s independent operations help maintain short-term stability in oil product availability and pricing.
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1 month agoFuel OilRubber Process OilRust Preventive Oil

EU Sanctions on Russian Oil Supply Chain Impacting Global Dynamics

The EU plans to lower the Russian oil price cap from $60 to $45–50 per barrel, aiming to curb Moscow’s revenue. This could trigger crude price volatility and boost demand for discounted Russian oil from countries like India. Previously, Russia bypassed the cap’s impact by inflating freight and insurance costs, maintaining near-market earnings despite restrictions.
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1 month agoBase OilFuel Oil

Base Oil Prices Steady in Asia Despite Monsoon-Led Demand Slowdown

Base oil prices across Asia remained stable to firm in mid-July, supported by constrained supply and rising crude benchmarks. Group I and III grades saw the most pressure. Demand stayed weak due to monsoon impact and soft industrial activity, while refinery turnarounds kept supply tight. Outlook remains firm for key grades.
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1 month agoBitumenBase OilHydraulic Oil

Tight Bitumen Supply and Firm Demand Keep Indian Market Supported

Brent crude has softened to $82.34/barrel on recession fears, but disciplined OPEC+ output keeps the downside in check. In India, bitumen prices continue to rise, especially at Kandla, amid tight import supply and strong restocking demand. Market sentiment remains bullish due to ongoing monsoon disruption and limited PSU allocations.
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1 month agoBitumenBase OilFuel Oil

Petrochemicals Set to Dominate Oil Demand Growth by 2030, Says IEA

Crude oil prices dipped marginally as global sentiment remains cautious. However, demand from petrochemicals is poised to become the largest growth segment for oil through 2030, driven by rising use of plastics and synthetic materials. China and the US lead in feedstock capacity, shaping trade flows and refining economics.
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2 months agoBitumenBitumen EmulsionBase Oil

Impact of Israel-Iran Conflict on Bitumen and Oil Prices

Bitumen prices across global markets show mixed trends as early monsoon weakens Indian demand while geopolitical instability, especially the Israel-Iran conflict, tightens supply. Crude volatility and force majeure conditions in Iran are disrupting export flows, with Europe and China facing upward pressure. Market participants must brace for heightened price and supply risks.
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