Argus reports that prices in Iran were mostly stable despite higher VB feed prices and finished costs for producers. Hence, some suppliers were reluctant to offer any cargoes at the current price level. Meanwhile, the continuing volatility in the exchange rate also capped overall liquidity in the market. Demand rebounded slowly from India with ...

Argus reports that prices in Iran were mostly stable despite higher VB feed prices and finished costs for producers. Hence, some suppliers were reluctant to offer any cargoes at the current price level. Meanwhile, the continuing volatility in the exchange rate also capped overall liquidity in the market. Demand rebounded slowly from India with buyers ...

Europe bitumen market size is certain to expand through 2027 owing to the growing use of this material across multiple sectors. Bitumen is a substance formed through the distillation of crude oil. It contains excellent adhesive and waterproofing properties, and hence it is widely used to build highways, motorways, as well as rail networks. In the marine ...

Russia’s oil output is edging back toward pre-war levels, and a revival in large and small refineries scattered across the country is a major driver of the change. The trend is another example -- from rising oil-product exports to higher prices for Urals crude -- of how Russia’s energy industry is adapting to trade ...

Review of Iran Bitumen Market in 2021-2022 Written by: Mohsen Varzeshkar  Accurate and complete study of the conditions of the Iranian bitumen market in 2021-2022 requires the documented and reliable statistics and data about the production of vacuum bottom (VB), bitumen production, exports and domestic consumption, but unfortunately the ...

Bitumen Bazaar reports - Turkish construction and bitumen supply company Guven Asfalt expects to start operations at a new 45,500t bitumen terminal at Ceyhan, southeast Turkey, in June. The terminal, currently under construction on Toros Terminal’s Ceyhan site on the Mediterranean coast, will facilitate a much larger flow of cargoes into and ...

Bitumen Bazaar reports that Russia's military action in Ukraine is expected to have a major negative effect on the Ukrainian bitumen import business, according to European trading and supply firms.  Ukraine imported around 866,000t of bitumen in 2020, and market participants say this is likely to have risen further last year. But several ...

Asesa refinery in Tarragona, Spain will shut for at least three weeks for maintenance work in March. The refinery is Repsol/Cepsa joint venture with capacity of 1.2mn t/yr bitumen production. The halt will happen at the start of road construction season and obviously affect the current bitumen consuming projects, though it won’t impact the most ...

Bitumen Bazaar reports, Nynas' Harburg refinery in north Germany has been shut down for an extended period this winter and will produce a much more restricted volume of bitumen for the rest of this year once it starts up again, as Argus reports. The focus of the refinery will now be on the production of naphthenic base oils and other speciality ...

According to Argus report, bitumen prices were generally lacked direction last week as crude and fuel oil markets experienced high levels of volatility, while demand from some key markets wavered.  A gradual improvement in weather conditions across north and central Europe helped to constructions and more road and highway work projects, however ...

The Sixth GECF Summit in Doha The Gas Exporting Countries Forum (GECF) was born in 2001 in Tehran. Since the establishment of this forum, 23 meetings have been held at the ministerial level and five at the higher level. The sixth summit of this forum is scheduled to be held on February 22nd (Tuesday) in Doha. Before the start of this meeting, the ...