Monday, Aug 03, 2026

The World of Petroleum and Bitumen

The July 2026 Issue of WPB Journal

The July 2026 Issue of WPB Journal

MAGAZINES

Partners

Iraq Is Discounting Crude by Nearly $30 to Get It Through Hormuz. What Happens to Bitumen?

According to WPB, Iraq’s decision to offer discounts approaching $30 per barrel on August-loading Basrah crude provides a direct measure of the commercial penalty now attached to lifting oil from inside the Strait of Hormuz. Iraq’s sta...

BITUMEN | OIL AND PETROLEUM

Last News

Oil Prices Fall After the U.S. Suspends Iran Strike and Shifts Focus to a Hormuz Agreement

According to WPB, oil prices fell sharply on August 3 after the United States suspended a planned military attack on Iran and shifted its immediate f...

LEARN MORE

The Risk Has Moved to Hormuz’s Doorstep: What Two Tanker Incidents off Oman Mean for Bitumen Shipping

According to WPB, two tanker incidents reported off northern Oman on August 1 have added a new layer of risk to commercial shipping at the entrance t...

LEARN MORE

Diesel Comes First: Why Record Refining Margins Could Keep Bitumen Supply Tight

According to WPB, the latest operating results from ExxonMobil and Chevron indicate that diesel and other high-margin transport fuels will remain the...

LEARN MORE

All Oil and Bitumen Export Routes from Iran and Iraq to Asia, Africa and Europe

According to WPB, Iran and Iraq are reviewing and expanding a wide range of maritime, pipeline, road, rail and multimodal export routes as disruption...

LEARN MORE

Hormuz Is Back Under Pressure

According to WPB, renewed military escalation on July 29 has returned the Strait of Hormuz to the centre of oil and refined-products risk after sever...

LEARN MORE