Press Release
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Jan 18, 2022 08:00 EST
DUBAI, Arab Emirates,
January 18, 2022 (Newswire.com) –
The bitumen price in the Middle East fluctuated 47% in 2021, ranging between $330 and $485 with an average price of $372. Bitumen prices fluctuated due to factors including Oil price, changing shipping rates, Covid-19 and Political tensions. The Bitumen supplier, Infinity Galaxy, clarifies effective factors on the bitumen market in 2021.
Crude Oil
Compared to the beginning of 2021, the highest Brent crude oil price recorded this year has grown by 66%.
Below is the average monthly Brent Crude oil price in 2021. This increase was unprecedented during the last 5 years.
Average Monthly Price of Oil in 2021
- January: $54.77
- February: $62.28
- March: $65.41
- April: $64.81
- May: $68.53
- June: $73.16
- July: $75.17
- August: $70.75
- September: $74.49
- October: $83.54
- November:…
