Bitumen

Bitumen is a viscous, dark hydrocarbon binder produced from crude oil distillation, primarily used in road construction and waterproofing. Demand is driven by infrastructure development in emerging economies. Penetration-grade bitumen is the most commonly traded form, with specifications varying by regional climate requirements.

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60/70 Penetration80/100 PenetrationVG-30PG 64-22FOBCFRCIF
Quick Facts

Bitumen at a Glance

Common Origins
IranSingaporeSouth KoreaIndiaBahrain
Common Destinations
BangladeshMyanmarEast AfricaIndonesiaPhilippines
Grades & Specifications
60/70 Penetration80/100 PenetrationVG-30PG 64-22
INCOTERMS
FOBCFRCIF
Unit of Measure
Metric Tons

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Crude Oil (WTI)

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Diesel/Gasoil

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Fuel Oil

Fuel oil is a heavy residual product of crude oil refining, used primarily in marine bunkering, power generation, and industrial heating. The IMO 2020 regulation shifted demand toward very-low-sulfur fuel oil (VLSFO), while high-sulfur fuel oil (HSFO) remains traded for scrubber-equipped vessels.

Jet Fuel (Aviation)

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LPG

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