Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: Ceasefire Continues, the Strait of Hormuz Remains Closed, and Bitumen Prices Stay Elevated

Political Phase As of 16 April 2026, the two-week ceasefire between Iran, the United States, and Israel has not yet been formally extended, but the diplomatic channel remains open and efforts to continue it are still underway. Current signals suggest that the next round of indirect Iran-US talks may once again take place in Pakistan,...

Weekly Bitumen Report: Fragile Ceasefire, Semi-Closed Strait of Hormuz; Bitumen Market Remained at Elevated Levels

As of 9 April 2026, the most important development this week was not the end of the war, but the entry of the crisis into a temporary and fragile pause. After several days of mutual threats and rising risk of direct attacks on Iranian infrastructure, the United States, Iran, and Israel moved into a two-week...

Weekly Bitumen Report: The Strait of Hormuz Has Still Not Reopened, An Unprecedented Jump in India’s Bitumen Prices

As of April 2, the war has neither stopped nor has any side been able to impose an ultimate outcome. As a result, the energy and bitumen markets no longer see this crisis as a short-term shock, but as a lasting risk. The Strait of Hormuz has also still not returned to normal conditions, and...

Africa Bitumen Market Moves Higher Across All Regions as April Upside Builds

The African bitumen market is entering a strong upward phase, with price increases now visible across all key regions.Late March confirmed a broad-based rise, driven by higher import costs, freight increases, and tightening supply flows.While the pace differs by market, the direction is clearly aligned upward momentum is building ahead of April. Nigeria The Nigerian...

Weekly Bitumen Report: Strait of Hormuz Still Closed; A War of Attrition, The Bitumen Market Under Severe Price Increase Pressure

Market Snapshot Over the past week, the Middle East war moved from its initial shock phase into a prolonged conflict centered on infrastructure. There were no signs of a quick victory, and no clear path toward ending the crisis emerged. After jumping above $112 on March 20, oil remained above $100 through March 26, and...

Weekly Bitumen Report: From Market Shock to Infrastructure Risk: The Middle East War Pushed Oil Above $110 and Drove the Bitumen Market into a Supply Shortage Phase Market

s the Middle East war approaches its fourth week, it has moved beyond direct military confrontation and into a phase of targeting energy infrastructure and maritime logistics.On March 19, Brent crude climbed to around $112, while attacks on energy facilities in Saudi Arabia, the UAE, and Qatar increased regional supply risk. In the products market,...

Weekly Bitumen Report: War Shock in Energy Markets: Middle East Conflict Enters Third Week as Oil Hits $100

The regional war that began on 28 February has now entered its third week, and the confrontation between Iran, Israel, and the United States is gradually evolving into a broader crisis in the Middle East. Israeli and US airstrikes on targets inside Iran, followed by Iran’s missile and drone responses, have pushed tensions beyond the...

Weekly Bitumen Report: Major War in the Middle East, Energy Market Enters Shock

Market Snapshot The closure of the Strait of Hormuz has stopped about 25% of the world’s oil flow.Brent crude has reached the range of 84 to 85 dollars, the highest level in the past year.Logistics costs and war risk insurance in the Persian Gulf are rising quickly. Market Direction With the Strait of Hormuz closed,...

Weekly Bitumen Report: Trump’s Annual Speech in Congress; Energy Market in a Cautious Waiting Phase

The Political and Economic Developments of the Week Open Diplomacy, Steady PressurePolitical and geopolitical developments up to Thursday, February 26 show that the international order remains in a state of managed tension. Trump’s speech on Wednesday in the US Congress stressed a mix of external pressure and keeping negotiations open. Today, the third round of...

East Asia Bitumen Market, Slow Restart, Selective Strength

The East Asia bitumen market is slowly regaining activity after the January slowdown.Price changes remain limited, mostly within a narrow range of -2% to +3%. Market sentiment is improving in some countries, especially South Korea and Vietnam, while others remain stable or slightly under pressure.Overall, the region is in a preparation phase before stronger Q2...