Best World Lifestyle – The World At Its Best Author : Laura Lin Bitumen Supply And part time design course singaporeDemand Author : Ellango Narayanan Submitted : -06-28 part time design course singapore00:00:00    Word Count : 551    Popularity:   81 Tags:   Bitumen, bitumen 80/100, bitumen 60/70, bitumen 40/50, Saudi Bitumen, Singapore Bitumen, Iran Bitumen, Cutback Bitumen, MC30 , MC70, MC250 MC800, RC30, RC70, RC250, RC800, RC3000 Blown Bitumen R90/15, R85/25, R115/15, Bitumen Emulsion, CSS-1, CSS-2 , part time design course singaporeAspha    Author RSS FeedThe Soaring Oil prices although justifies the fluctuation in the pricing of bitumen, there is not an established part time design course singaporemechanism to derive the bitumen price till date. The bitumen market is getting mature and liquid. The majority of the exporting nations include Singapore, Iran, Saudi Arabia, Egypt, Thailand in this region has different inputs and the range varies significantly.Recently the Cartel led by Shell was exposed by the European part time design course singaporeregulators and the was fined to the tune of price fixing on various petroleum products.For Bitumen, there are no posted prices except for some compiled prices from some paid subscription services ; marketers rely on a number of pricing formulas that reference various posted crude qualities.Market pricing is seasonal part time design course singaporewith higher prices during peak season like summer being the norm due to higher demand for bitumen and other bitumen derived products.Saudi arabia has almost banned the export of Bitumen 60/70 , which considered as the raw material, obtained from the fractional distillation process, from Saudi Aramco . The penetration grade bitum crude) in order to facilitate its transportation via pipeline to part time design course singaporetankers.As such, the effective field price for bitumen is also directly impacted by the input cost of the diluent required, the demand and price of which is also seasonal in nature (in winter as colder temperatures necessitate more diluent for transportation).Consequently, bitumen pricing is notoriously high in summer and during major shutdown by the refineries and not reflective of the annual average realized price or the economics of the business overall. The strong bitumen demand disturbs the effective field prices during peak season for a variety of reasons. In addition to the usual seasonal part time design course singaporeissues, increase in bitumen demand and the premium for diluent was significant as a consequence of various events such as production interruptions at a regional refinery.With billions of barrels of potential and billions of dollars of planned capital investment, the bitumen resources are widely understood to be a cornerstone of future energy requirements and are attracting notable attention from overseas jurisdictions as well.In fact, the adoption of the proposed methodology for all crude qualities would have little or no effect on reported proved reserve quantities for all categories, bitumen excepted. For no other reason than bitumen alone is subject to the extreme seasonality in realized prices around calendar.Some industry watchers propose to determine the constant price for bitumen by using, for the benchmark reference price, the published price for the crude oil after applying historical adjustments for transportation and for quality, whi of valuing people and engaging them in the business. The Company developed their internal staff and challenged them to scale new heights for the organisation as well as developing their potential and enhancing their learning. Best World is part of Best World International and is the first direct selling company in Singapore listed in the Singapore Stock Exchange. Best World, The World At Its Best. Author’s Resource Box Laura is a skincare consultant for DRs Secret and care to share her experience to bring forth beautiful life and hope for those who aspires. Want to have beautiful skin, flawless complexion? Visit Lauras DRs Secret Review Site for the best skincare product you need to make you look beautiful and young. DRs Secret – Simply The Best! Seeing is Believing ! Click Here Article Source:www.1ArticleWorld.com Source:www.1ArticleWorld.com http://firstmedia.edu.sg/graphic-design/