Buy bitumen in India
Buy bitumen in India, is the most important subject matter in India
since the constructors are worried about the changes in the bitumen market. That’s why we have decided to talk about the variables in this regard. First, we will examine the oil market future possible direction.
The oil market, which way is the price of oil going?
Buy bitumen in india : In recent days, the oil market has experienced a growing trend and provide a lot of encouragement
against the growing fears caused by the outbreak of coronavirus. This dual nature of the market exists not only in the short term but also in the long-term horizon of the market. On the one hand, the vaccine has raised hopes of controlling the disease
and resuming oil consumption in the next few years, and the crisis of the black gold market
and the emergence of the economy have posed serious threats to this market. Merging its positive and encouraging trend,
as OPEC and its allies, may delay the production increase envisaged in the OPEC Plus agreement in January,
and the improving demand from Asia has also encouraged the market to compensate for the dramatic and unexpected increase in US oil inventories.
Buy bitumen in india
According to the reports, the price of the West Texas Intermediate oil index in the US
Nymex market increased by 0.32 to $41 and 75 cents per barrel,
which shows a growth of 0.77% in the price of this oil index. Moreover, Brent North Sea crude traded up 1.19 percent at $44.27 a barrel. The price of this oil index increased by 0.52% compared to the previous days. “Oil prices rose hoping the OPEC Plus
Group would postpone its planned production increase in January, and the joy of the corona vaccines,
” Rystad Energy, head of oil markets, said of Wednesday’s market.
Buy bitumen in India & other countries
It’s worth mentioning that refineries in China, Japan and South Korea collected more shipments of oil from Russia,
the Middle East and the United States, leading to higher crude oil prices. One of the chief hopes of the market right now is the growth of the refinery sector in Asia,
where despite COVID-19 disease, cities still have higher traffic than cities in the West. The role of controlling the supply of
Saudi Arabia and Iraq in the physical market was also very important and led to an increase in demand for crude oil from other countries.
