Weekly Reports: Get updated about Bitumen Market

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...

Weekly Bitumen Report: This Week, from the Hormuz Strait to the Red Sea Under Pressure; Asian Bitumen Prices Rise by Up to $50/MT

The energy market entered another new phase this week. Yemen’s Houthis intensified their attacks on Saudi Arabia over the past few days, targeting two airports, and on the morning of October 8, the group also claimed responsibility for a missile attack on another airport in Riyadh. At the same time, Saudi Arabia expanded its operations...

East Asia Bitumen Market: More Oil Is Moving, but Supply and Execution Risks Keep Prices High

East Asian bitumen prices moved higher this week as crude remained above $100/bbl and freight, refinery feedstock and Gulf-route risks continued to support costs. Tight availability of suitable feedstock is also keeping supply from key origins including Singapore, Thailand and South Korea constrained. However, higher offers are facing affordability resistance. Buyers remain active mainly against...

Weekly Bitumen Report: Bitumen in India Jumps by $55; Asian Bitumen Remains Bullish Despite the Decline in Brent

The most important market development this week was no longer political. From October 1, Indian refiners increased VG30 prices by around $48 per metric ton and VG40 by nearly $55 per metric ton. This follows two previous price increases in September and shows how quickly replacement costs are rising in one of the world’s largest...

Africa Bitumen Market: Prices Are Calmer, but Supply Routes Have Not Normalized Yet

The African bitumen market has become calmer compared with the sharp volatility seen earlier in September, but shipping constraints from the Middle East Gulf continue to influence purchasing decisions across Africa. Market discussions increasingly show buyers distinguishing between a low price on paper and a cargo that can actually be executed and delivered. This is...

Weekly Bitumen Report: Negotiations in New York, Deadlock in the Hormuz Strait: Markets Caught Between Political Hope and Real Shipping Risk

This week, the energy market saw two very different pictures emerging from the Middle East. In New York, the UN General Assembly reopened a path for dialogue between Iran and the United States. Despite the strong tone of his speech, Donald Trump said the two sides were in talks and that he expected an agreement...

East Asia Bitumen Market: Price Gaps Narrow Between Singapore, South Korea and China

Brent crude remained above $100/bbl at the end of the week, while commercial traffic through the Strait of Hormuz stayed at very low levels. Disruptions to Saudi Arabia’s East-West pipeline have also added pressure to alternative crude export routes in the region. For the East Asian bitumen market, the immediate impact has been higher feedstock,...

Weekly Bitumen Report: Two Chokepoints, One Crisis: Hormuz Strait Unstable as the Red Sea Route Comes Under Pressure

This week, the Middle East energy crisis entered a new phase in which the problem is no longer limited to passage through the Hormuz Strait. Saudi Arabia’s East-West pipeline, which in recent months had carried a significant share of the country’s crude to the Red Sea port of Yanbu as an alternative to the Hormuz...

Africa Bitumen Market: Higher Costs for Buyers Replacing Their Stocks

Tensions in the Middle East have pushed crude oil and HSFO prices higher. This means African buyers and traders now need to pay more to buy new cargoes and replace their current stocks. However, the impact is not uniform across the region. In West Africa, rainfall continues to weigh on demand. In East Africa, the...

Weekly Bitumen Report: From the Tanker War to Attacks on Saudi Arabia: Brent Breaks Above $100

The Middle East energy crisis can no longer be explained simply as tension in the Hormuz Strait. The United States said it disabled five Iranian tankers after an attempted attack on a U.S. naval vessel, while Iran claimed it retaliated by targeting 10 vessels across the Persian Gulf and Hormuz Strait, the largest wave of...