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Mediterranean Bitumen: Ending the year on a high
An in-depth conversation into the surprising end to 2025
The winter season usually sees a winding down in bitumen activity in terms of construction and road building, but not in 2025. Our experts delve into what has been a surprisingly unseasonal end to 2025.
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Listen to our market experts – Jonathan Weston (Europe and Asia Lead, and Editor of Argus Bitumen) and Keyvan Hedvat (Europe and Africa Bitumen Editor), give detailed insights into their news snapshots including;
- Mediterranean bitumen supply much tighter than usual going into winter low demand season
- Med cargo diffs to fuel oil now broadly - and very unusually - in parity with fob Rott diffs
- Ongoing positive demand into north African and Black Sea markets
- Regional refinery bitumen production restricted - including SRI Augusta and US sanctions affected Bulgarian and Serbian refineries
- Arbitrage to the US from Med stays firmly shut after brief opening in Aug/Sept
- West Africa, now in dry/bitumen demand season, set to draw more European bitumen.
Argus Bitumen
The market-leading provider of spot prices, market commentary, news and analysis for global bitumen markets.
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