Global bitumen markets are driven more by political expectations than physical shortage. Buying interest exists, but decisions are delayed.
If Middle East tensions ease, waiting demand could quickly turn into real contracts.
East Asia is gradually reactivating after holidays.
Brent trades in a $68–72 range, while planned refinery shutdowns in March may tighten supply and support oil and bitumen prices in the short term.
No. 282 | Energy Market in a Cautious Waiting Phase
Political signals from Donald Trump’s Congress speech to Iran–US talks are delaying decisions, not demand.
Waiting interest could quickly turn into real trades.
Read the full report: https://t.co/LdchVVFeDa
Insight:
This is neither crisis nor calm. Negotiations continue, risk remains.
If tensions rise after Geneva, bitumen prices may react faster than buyers can decide.
Bitumen price outlook | Feb 23–Mar 2, 2026
East Asia: Singapore prices seen flat amid balanced supply and demand, while South Korea may see a slight uptick supported by steady domestic demand.
For Iran, Mediterranean & Europe, and Africa, check the full market update.
Regional bitumen markets show mixed signals:
Europe prices are firming, India and China are in pause mode, and Singapore saw slight declines due to holiday slowdown.
No supply disruption yet.
Global markets remain in a risk-on watch mode.
Iran – US talks in Geneva ended without failure, but no breakthrough.
Brent is holding near the psychological $70 level, with risk still priced in.
Brent near $70.
Negotiations continue between Iran and United States, but no clear breakthrough yet.
No real supply disruption just risk pricing.
Bitumen markets remain stable, but sensitive.
Full analysis available on our website.
https://t.co/tvjxtuRre9
Asia remains balanced, Europe weak, Africa more active.
Even with stable oil, premium risk is gradually transferring into bitumen prices. Supply continuity now matters more than timing the entry.
Geopolitical risk is back in the oil market.
Brent is holding the $65–$70 range, driven more by possibility of escalation than real supply disruptions. Risk premium is active again.
Bahrain bitumen prices jumped on rising Gulf tensions, while Singapore stays balanced and Europe faces weak demand.
Read the full Weekly Report (No. 280) here: https://t.co/tD1qQSDrn4
East Asia’s bitumen market has moved out of pause mode.
Early February showed no major price shifts, but a clear change in behavior
negotiations resumed, demand visibility improved, and decisions became more structured.
Next Week’s Bitumen Trend (Jan 26 – Feb 2, 2026)
Middle East: Prices expected to rise following crude oil increase.
For trends in Mediterranean, Europe, East Asia, and Africa, check out our full market update.
https://t.co/v3MtJgFIrb
2023–2025 | Stabilization Phase
As logistics normalized and demand cooled, prices settled back into the $420–450/MT range.
Explore the full 5-year review and follow Infinity Galaxy for weekly bitumen market insights.
The global bitumen market changed dramatically over the past 5 years.
From Covid-driven demand shocks to the 2022 energy crisis and today’s stabilized range, every phase left a clear footprint on prices.
2026 opened with cautious oil and tense politics. Stronger US sanctions on Venezuela, unresolved Middle East tensions, and ongoing global conflicts keep energy markets in risk control mode.
Oil is waiting for direction, not chasing growth.