Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: Oil Hits $91, US Inflation Stays Hot: Peace or New War?

The Democrats' sweeping victory in the November 3 US midterm elections, securing majorities in both the House of Representatives and the Senate, has shifted the political balance in Washington. However, economic pressures remain. US October inflation rose 0.4% month over month, exceeding market expectations and reinforcing the prospect of continued monetary tightening by the Federal...

Africa Bitumen Market: Sharp Drop in West African Prices Amid Rising East African Costs

The international bitumen market experienced a significant price correction this week following a sharp decline in crude oil and High Sulphur Fuel Oil (HSFO) prices. However, the impact of this correction has not been uniform across Africa. While West African markets have recorded substantial price declines, buyers in East Africa continue to face higher delivered...

Weekly Bitumen Report: Democratic Tsunami in the US: Oil Plunges 9%. What Happens to the War?

The Democrats' sweeping victory in the November 3 US midterm elections, securing control of both the House of Representatives and the Senate, was the week's most significant political development. After months of war with Iran, the result represents a major political setback for Donald Trump and the Republicans. Rising living costs, pressure from high energy...

East Asia Bitumen Market: Oil Prices Surge Amid Regional Price Adjustments

Brent crude traded above USD 117/bbl during the final week of October, while concerns over escalating tensions between Iran and the US continued to influence energy costs and maritime freight. However, the East Asian bitumen market followed a different trajectory, with regional supply dynamics, importer inventory levels, project budget constraints, and competition from alternative origins...

Weekly Bitumen Report: Peace Message from Washington, War Threats Before the US Elections

The final week of October brought a significant development in relations between Iran and the United States. Reports indicated that US Vice President JD Vance had sent a letter to Mohsen Rezaei to explore the possibility of resuming negotiations. Meanwhile, Qatar, supported by Pakistan, proposed a seven-day framework for confidence-building measures and ending the war,...

Africa Bitumen Market : Buyers Face Higher Costs and Uncertain Delivery Routes

Prices Are Rising, but Supply Routes Have Yet to Normalize Ongoing tensions between Iran and the United States in the Middle East, restrictions on transit through the Strait of Hormuz, and rising crude oil and marine fuel costs continue to affect bitumen prices and the execution of supply transactions. At the same time, demand is...

Weekly Bitumen Report: Diplomacy in Tehran and Moscow, Middle East on Alert: Oil Hits High

Diplomacy Amid War: Energy Markets Caught Between Hopes for a Deal and Military Threats During the week ending October 22, the Middle East once again became the center of global political and economic developments. While the US and Israel continued security consultations regarding Iran amid growing concerns over further military strikes, Pakistan and Qatar maintained...

East Asia Bitumen Market: Rail Trade to China Grows, A New Route for Regional Bitumen Trade

Regional Overview | Brent Near $110/bbl, Singapore Strengthens, Korea Softens and Rail-to-China Gains Traction Brent crude approached $110/bbl amid security risks in the Strait of Hormuz and rising marine fuel costs, increasing pressure on regional logistics and freight. This week, prices diverged across origins, with Singapore and Thailand strengthening, South Korea correcting lower, and China's...

Weekly Bitumen Report: Trump: No Attack for Now, Hormuz Strait Unsettled, Oil Above $100

The Oil Market Between Easing Political Risks and Escalating Maritime Insecurity With Israel’s election on October 27 and the US midterm elections on November 3 approaching at the same time, the market has entered a short but highly sensitive political window. On October 14, Netanyahu said he did not support a pre-emptive attack on Iran...

Africa Bitumen Market : Demand Is Returning, but Supply Origins Are Shifting

As many African markets approach the more active road paving season, demand is gradually picking up. However, in East and Southern Africa, continued restrictions affecting Iranian supply and shipments from the Mideast Gulf are prompting buyers and importers to look more closely at European and Mediterranean cargoes.The result is straightforward: supply remains available, but along...