This is Bitumen Africa summary of Weekly news about oil and bitumen
On the 1000th day of the Russia — Ukraine war, Russia targeted more than 100 regions of Ukraine with ballistic missiles.
At the same time, Joe Biden and the UK authorized Ukraine to use long range missiles to attack Russia. It is still unclear how Trump can end this war before entering the White House on January 10.
In the Middle East, Israel’s attacks on the targets of Hezbollah go on and Gaza is under constant bombardment. It is heard that Israel requests to attack Hezbollah targets even in case of ceasefire. Peace in the Middle East was Donald Trump’s second important promise.
In Bahrain, the bitumen price is still fixed at $395. The range of bitumen prices in Europe fluctuated in the range of $425-460. In mid — November, bitumen prices increased around $18 by the Indian refineries. Considering the fall in Indian Rupees against the US dollar, another rise in the bitumen price in India is expected. In Iran, the rally of the uptrend of bitumen prices still continues. The shortage of vacuum bottom hits new records among the producers and the average competition of around 46% was recorded within the last week. Like the previous weeks, there is no sign of a price fall
in another news, Fraport Tests Sustainable Asphalt Based on Cashew Nuts
Fraport AG is exploring new, innovative approaches for the use of construction materials. Together with the startup Bitumen Beyond Oil, the airport operator is using sustainable asphalt concrete to build and test a 200 — meter — long section of road located on the airport apron. This is the first time that organic cashew — based bitumen has been used at an airport anywhere in the world.
thanks for Listening. To check the latest bitumen prices at different destinations, check Bitumen Africa