Wednesday, Jan 22, 2025

The World of Petroleum and Bitumen

Decline in UK Demand for Bitumen: A Persistent Trend

The United Kingdom has experienced a significant decline in bitumen consumption, with demand falling by nearly 20 percent in the third quarter of 202...

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India Urges Middle East for New Crude Oil Pricing Amid Rising Shipping Expenses

India’s major state-owned refiners have urged a Middle Eastern supplier to present alternative pricing options for crude oil.

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Germany Welcomes Its First Fully Electric Seagoing Ferry

Germany’s inaugural all-electric seagoing vessel, a catamaran ferry named E-Kat, has successfully completed its acceptance trials and is now ready ...

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Polymer-Modified Bitumen Market Update

The global polymer-modified bitumen (PMB) market is projected to experience remarkable growth, with its value anticipated to rise from USD 11.83 bill...

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Comprehensive Overview of the Bitumen Market in 2025

The global bitumen market has witnessed steady growth over the years, driven by infrastructure development, technological advancements, and sustainab...

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Key Maritime Trends to Observe in 2025

The maritime sector is at a pivotal point, balancing traditional practices with groundbreaking advancements.

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Development of Recycled Asphalt Binder Using Eco-Friendly Bio-Additives

The rising demand for sustainable road construction has led to a focus on utilizing reclaimed asphalt pavement (RAP) as an alternative to virgin mate...

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January Base Oil Report

The base oil market in 2025 is set to undergo notable transformations, shaped by evolving policies, advancements in technology, shifting demand patte...

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Oil Prices Surge to 3-Month High Following New Sanctions on Russia

Oil prices have climbed to their highest levels in three months, driven by the United States imposing stricter sanctions on Russia.

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Key shipping nations endorse uniform carbon tax

A coalition of prominent shipping nations has expressed support for implementing a uniform carbon tax on emissions from the maritime industry.

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Fluctuating Oil Prices: A Significant Obstacle for National Oil Companies in 2025

The global energy sector is experiencing a profound shift, with oil and gas continuing to dominate the energy mix, even as renewable energy sources r...

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Forecasts for Asphalt Advancements in 2025: What Lies Ahead?

Recent years have witnessed remarkable progress in asphalt technology, and 2025 is anticipated to continue this trend.

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The Effect of Bitumen Ageing on Surface Raveling

Surface raveling is a prevalent functional issue that affects the longevity of bituminous pavement.

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India: JK Lakshmi Advocates GST Reduction on Cement to 18% While Highlighting the Cost-Effectiveness of Cement over Bitumen

Arun Shukla, President and Director of JK Lakshmi Cement, has urged the Indian government to revise the Goods and Services Tax (GST) on cement, bring...

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Middle Eastern Oil Prices Rise as Iranian and Russian Supply Drops

A decline in crude exports from Iran and Russia has driven up the value of Middle Eastern oil, with certain grades now trading at unprecedented premi...

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Nigeria: Ondo Governor Pushes for Completion of 50 Road Projects

Lucky Aiyedatiwa, the Governor of Ondo State in Nigeria, has directed the expedited completion of 50 township road projects currently underway in all...

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Lac La Biche, Canada: Project Aims to Boost Bitumen Flow and Reduce Water Usage

Three cutting-edge initiatives have been awarded $2.7 million through Alberta’s Technology Innovation and Emissions Reduction (TIER) program, focus...

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Turkey Shows Interest in Syrian Energy Sector

Turkey has expressed a desire to play a role in rebuilding Syria’s oil and gas industry, according to remarks made by Turkey’s energy minister.

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Pakistan Expected to increase Petroleum Prices for the New Year

The federal government in the Pakistan is anticipated to announce adjustments to petroleum prices on December 31, which may result in higher costs fo...

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India Strengthens Road Network: MRPL Begins Operations at Advanced Bitumen Facility in Mangaluru

Mangalore Refinery and Petrochemicals Limited (MRPL) has officially started operations at a modern bitumen manufacturing unit in Mangaluru, utilizing...

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