Saturday, Aug 22, 2026

The World of Petroleum and Bitumen

The July 2026 Issue of WPB Journal

The July 2026 Issue of WPB Journal

MAGAZINES

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Orsk Strike Knocks a Russian Bitumen Producer Offline for Up to Six Months

According to WPB, Russia has lost the output of a refinery that directly produces road bitumen after the Orsknefteorgsintez refinery in the Orenburg ...

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Azerbaijan’s Bitumen Paradox: Exports Double as Output Plunges 42.2%

According to WPB, Azerbaijan’s bitumen market is sending two sharply different signals. Petroleum bitumen production fell 42.2% year on year to 81,...

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Global Bitumen Price – Week 3 of August 2026

The Middle East shows a generally softer producer tone this week, led by lower Iranian factory-level pricing and a weaker export indication from Turk...

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Tanker Rates Surge: Why Bitumen Landed Costs Could Rise Even Without a Major FOB Move

According to WPB, Tanker freight markets have entered a period of exceptional volatility as oil exporters in the Gulf compete for vessel capacity whi...

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UAE Suspends Trade and Financial Transactions With Iran: What Does It Mean for Iranian Bitumen Trade?

According to WPB, The United Arab Emirates has suspended all trade, commercial exchanges, and financial transactions with Iran until further notice, ...

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China’s State Tankers Are Abandoning the Chokepoints: Could Fujairah and Oman Become the New Gateways for Asian Bitumen?

According to WPB, two of China’s largest state-controlled tanker operators are no longer treating the Strait of Hormuz and Bab el-Mandeb as routine...

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Iraq Just Approved a Three-Month Hormuz Bypass: Could Its Bitumen Trade Be Next to Move Outside the Gulf?

According to WPB, Iraq has moved its search for alternatives to the Strait of Hormuz from emergency planning toward a defined commercial mechanism. O...

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Crude Is Getting Cheaper, But Refining Is Still Tight: Why Bitumen May Not Follow Oil Lower

According to WPB, the most important constraint in today’s oil market may no longer be the availability of crude alone. The pressure is increasingl...

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China Bitumen Jumps Again: Is Asia Entering a New Price Leg Higher?

According to WPB, China’s bitumen benchmark moved higher again on August 17, 2026, strengthening the argument that Asia may be entering another upw...

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Indonesia Wants to Replace Imported Bitumen: Could Buton Asphalt Reshape Southeast Asian Trade?

According to WPB, Indonesia is moving from a long-discussed ambition to reduce imported bitumen toward a more structured domestic-substitution policy...

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Hormuz Nears Zero Tracked Traffic: Is FOB Gulf Losing Meaning for Bitumen Buyers?

According to WPB, the Strait of Hormuz is approaching a point where the conventional way of pricing Gulf bitumen may no longer tell buyers enough abo...

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Asia Is Overpaying for Crude to Escape Hormuz: Is Bitumen About to Pay the Price?

According to WPB, at least four Asian refiners have purchased U.S. crude oil for delivery later this year as the normal flow of Middle Eastern supply...

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India’s Nashik Seeks 120,000 Tonnes of Bitumen: Could Kumbh Roadworks Tighten the Domestic Market?

According to WPB, the Nashik Municipal Corporation has reportedly sought a dedicated allocation of approximately 120,000 metric tonnes of bitumen for...

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America Is Pulling Residue From Malaysia: A New Threat to Asian Bitumen Supply?

According to WPB, a shipment of more than 540,000 barrels of low-sulfur straight-run fuel oil from Malaysia is crossing the Pacific toward a U.S. Wes...

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ADNOC Is Rewriting the Gulf Trading Playbook: Should Bitumen Exporters Do the Same?

According to WPB, ADNOC is changing the way Gulf crude oil reaches the market, moving beyond the traditional model in which a producer sells a cargo ...

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Global Bitumen Price _ Week 2 of August 2026

As of 11 August 2026, the global bitumen market remains highly sensitive to freight availability, insurance conditions, port basis, and regional supp...

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Kyrgyzstan Turns to In-Place Recycling: Central Asia’s Asphalt Market Takes a Circular Turn

According to WPB, Kyrgyzstan has introduced in-place pavement recycling on the Kant–ABZ road, marking what authorities have described as the countr...

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Maersk and Hapag-Lloyd Expand Their Return to Suez: What It Means for Containerized Bitumen Trade

According to WPB, the return of major container shipping lines to the Red Sea and Suez Canal has moved another step from testing the route toward put...

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AI Is Learning the Physics of Asphalt: A New Model Targets Fatigue Life Before Roads Begin to Crack

According to WPB, artificial intelligence is moving one step closer to predicting how long an asphalt mixture can resist repeated traffic loading bef...

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The Red Sea Bypass Is Under Attack: Jazan Refinery and Mocha Port Strikes Raise New Risks for Bitumen Shipping

According to WPB, the Red Sea is becoming a more difficult answer to the Strait of Hormuz problem. Attacks reported on August 9 against Saudi Arabia�...

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