Southeast Asia’s Bitumen Market: Supply Surge vs. Mixed Demand
Bitumen markets in Southeast Asia are poised for a shift as increased export availability from South China meets a varied regional demand outlook for 2025, as reported by Argus Media. A combination of pent-up demand from delayed projects and new production initiatives could shape the market dynamics. Near-Term and 2025 Demand Prospects Pent-up demand from […]
Brazil’s Asphalt Boom: 2025 Demand Set to Soar
Demand for asphalt in Brazil is forecast to remain robust in 2025, fueled by an ambitious slate of highway projects. The Ministry of Transportation has announced plans for 15 auctions, encompassing 7,000km of roadway projects across federal and state levels—up significantly from last year’s 10 auctions for 4,000km. This surge defies the usual trend of […]
India and Pakistan: Bitumen at a Crossroads
The bitumen market in the Indian subcontinent is a tale of two distinct yet interconnected narratives: India’s massive consumption driven by infrastructure needs and Pakistan’s evolving export dynamics. India: Growth Amid Financial Constraints India, the largest consumer of Middle Eastern-origin bitumen, has seen its annual consumption surpass 8 million tons in recent years. However, delayed […]
2025 Oil Outlook: A Bear’s Market or Analyst’s Breakout?
Oil markets are heading into 2025 under a mix of cautious optimism and looming challenges. While prices remained surprisingly stable throughout 2024, with West Texas Intermediate and Brent crude fluctuating minimally around $70 and $74 per barrel, respectively, next year could see significant shifts driven by a handful of key factors. Demand Dynamics: Spotlight on […]
UK and French Terminals Reshape European Bitumen Dynamics
The European bitumen supply chain is witnessing notable changes as key players in the UK and France reposition their terminal operations, signaling potential shifts in regional trade dynamics. UK: Surge in Activity at Dagenham Terminal In the UK, Tarmac, one of the country’s leading road and construction firms, will begin receiving bitumen cargoes at the […]
Bitumen Import Trends Diverge in Oceania; Australia Sees Decline, New Zealand Experiences Growth
Australia’s bitumen import demand is expected to drop by 20% in 2024 due to prolonged funding challenges and a shortage of large road projects, Argus Media reports. Since the COVID-19 pandemic, road maintenance budgets have been reduced, with many local councils reallocating funds to other sectors like healthcare. As a result, bitumen consumption is forecast […]
