Friday, Sep 12, 2025

The World of Petroleum and Bitumen

Quality Disputes Over Bitumen Halt Road Construction in Aktobe, Kazakhstan

WPB reports that upgrading road infrastructure in the Aktobe, kazakhstan region has been seriously hindered by an ongoing shortage of good-quality bi...

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Mid-September 2025 Bitumen Market Analysis & Forecast

Subscribe to view the complete mid-September 2025 Bitumen Market Analysis and keep your business ahead with key price and supply developments.

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Oil Prices to Fall below $60 by the End of the Year

WPB foresees crude oil markets falling, with the prices going below $60 per barrel by the end of the year as OPEC+ gradually unwinds its earlier outp...

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Sustainable Roadway Solutions: Field Evaluation of Asphalt Blended with Recycled Material and Rubber Treated Additives

WPB holds the view that road network preservation has become an increasingly complex challenge, particularly among countries managing extensive highw...

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Kazakhstan lowers export tariffs on petroleum and oil products by 4%

According to WPB, Kazakhstan made a downward tariff revision on export tariffs imposed on oil and certain petroleum products, setting the new rate at...

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Rare Naphtha Shipments Restart from Singapore's Bukom Refinery

Singapore's Bukom refinery has begun naphtha export business, its first such shipment in years, WPB says. The move comes after a long and unexpected ...

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Malaysia's Petronas Grapples with Profit Pressure and Output Slump as World Energy Challenges Mount

Malaysia's state oil company Petronas is going through a period of heightened financial and operational stress, with lower oil prices, adverse market...

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Strengthening Kazakhstan's Transport Infrastructure through the Use of Bitumen

WPB informs that Kazakhstan has been experiencing intensive consumption of bitumen in the construction and maintenance of its road network since the ...

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Russia Expands August Oil Export Schedule Following Refinery Disruptions

WPB citations that Russia has expanded its crude export schedule from western ports by some 200,000 barrels per day in August, surpassing the initial...

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Economic and Infrastructural Impacts of Bitumen Price Adjustment Mechanisms in Arizona

WPB explains that the Arizona Department of Transportation (ADOT) has adopted a systematic price adjustment mechanism for bituminous products and die...

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Large Purchasers of Russian Fuel Oil: Saudi Arabia and India Take the Lead

WPB reports that Moscow has been sending the majority of its fuel oil and vacuum gasoil (VGO) to Asian and Middle Eastern destinations, as Western na...

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Gradual Growth Forecast of Africa's Natural Bitumen and Asphalt Market Up to 2035

The African natural bitumen and asphalt market is expected to exhibit a modest upward growth in the next decade, but the pace of growth remains kept ...

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South Korea Embarks on Restructuring Petrochemical Operations Amid Oversupply Challenges

South Korea has initiated a far-reaching restructuring program in the petrochemicals sector, inviting top domestic producers to cut capacity in the m...

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All About Bitumen Prices

Bitumen is considered one of the strategic commodities in the economy of Asia—a product on which everything from road paving in Iran and India to p...

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India to Advance Maritime Sector with Special Space-Based Technology

The Indian Government is considering launching a dedicated satellite system or using a specialized transponder to improve its maritime sector, accord...

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Spain's Valencian Region Introduces Noise-Reducing Bitumen Mixture Asphalt on the CV-35

WPB states that the government of the Valencian region in Spain has embarked on a massive resurfacing exercise of the CV-35 highway, combining infras...

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Central Asian Bitumen Market ,Mid-August 2025

WPB analysis indicates the Central Asian bitumen market in mid-August 2025 had varied price trends in Kazakhstan, Uzbekistan, and Russia. Kazakhstan ...

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India Expands Maritime Development Fund to Finance International Shipbuilding Plans

According to WPB, the Government of India has decided to substantially raise the planned Maritime Development Fund (MDF) to as high as €70,000 cror...

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Lower Crude Prices Knock India's Largest Oil Firm

India's largest oil and natural gas exploration and production company, the state-owned Oil and Natural Gas Corporation Limited (ONGC), reported a sh...

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Recycled Plastics Fuel the Future of High-Performance Asphalt Applications

WPB reports that scientists at the University of Missouri are piloting a strongly viable road building technique—mixing post-consumer polyethylene ...

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