Bitumen price are intricately linked to fluctuations in the crude oil market, given its status as a byproduct of crude oil refining. Changes in crude oil prices, often spurred by geopolitical tensions and supply disruptions, directly influence bitumen prices. Moreover, the construction industry, particularly road construction, serves as the primary consumer of bitumen, with global economic conditions and infrastructural development significantly impacting demand and prices. Geopolitical instabilities in major oil-producing regions further exacerbate price volatility, while seasonal variations in demand, particularly in regions with harsh winters, also play a significant role in price movements. Additionally, environmental regulations and technological advancements in bitumen production and application techniques shape market dynamics, affecting both demand and production costs. Given bitumen’s importance as a barometer for broader economic trends and infrastructure development, stakeholders closely monitor its prices to inform decision-making and risk management strategies, enabling them to navigate the market landscape effectively.