Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: Diplomacy in Tehran & 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...

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,...