Thursday, Nov 21, 2024

The World of Petroleum and Bitumen

Indore Becomes Madhya Pradesh’s First City to Begin White-Topping Road Construction

Indore (Madhya Pradesh): Marking a significant milestone in urban development, Indore has initiated the construction of white-topping roads, replacin...

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ARMA Introduces a New Guide to Boost Low-Slope Asphalt Roofing Recycling

The Asphalt Roofing Manufacturers Association (ARMA) has unveiled a fresh technical bulletin titled “Low-Slope Asphalt Roofing Recycling.”

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India claims credit for stabilizing global petroleum prices by buying Russian petroleum

India's Petroleum Minister, Hardeep Singh Puri, has stated that if India had not purchased petroleum from Russia after the start of the Ukraine war, ...

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Scenario of $40 petroleum gains traction

Market observers warn that if OPEC+ reverses its current voluntary supply cuts, petroleum prices could plummet to $40 per barrel.

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World bank warns of petroleum prices dropping below $60

The World Bank has predicted that a significant oversupply of petroleum in the coming years could lead to prices falling below $60 per barrel.

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What signals did Trump’s victory send to the energy industry?

Donald Trump’s re-election as US president has sparked a surge in petroleum and gas stocks while renewable energy shares experienced declines.

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Russia in talks to merge its largest petroleum companies

An American newspaper has claimed that Russian government officials and business executives have been negotiating the merger of the country’s large...

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Turkey sets record in petroleum and gas production

Turkey achieved record-breaking daily and monthly petroleum and natural gas production in October.

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US Oil Industry Urges Trump to Revoke Biden’s Climate Policies

The US oil and gas industry has called on President-elect Trump to repeal many of Joe Biden’s climate policies, arguing that these measures threate...

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IEA Revises Oil Demand Growth Forecast for 2024, Lowers Next Year’s Estimate

The International Energy Agency (IEA) has adjusted its predictions for global oil demand, increasing its estimate for 2024 but lowering expectations ...

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Algerian Bitumen Importers Prepare to Revive Trade with Spain

After more than two years, Algerian bitumen importers are gearing up to restart shipments from Spain, following a recent green light from the Algeria...

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Road Construction Stalls as Forex Fluctuations Drive 150% Increase in Bitumen Costs

Many road construction projects in Nigeria are facing delays or have come to a halt, largely due to the sharp rise in bitumen prices spurred by forei...

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US petroleum imports from Saudi Arabia decline

U.S. petroleum imports from Saudi Arabia have dropped to their lowest level in nearly four years, coinciding with an increase in Canadian petroleum e...

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Latin American petroleum finds new buyers

With the recent shift in Canadian pipeline flows, refineries along the U.S. Gulf Coast are increasingly turning to heavy crude oil from Latin America

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World’s largest tunnel boring machine in China unveiled

China has unveiled its 5,000-ton heavy-duty tunnel boring machine, known as "Jianghai," which has the largest diameter of its kind.

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US electricity generation becomes more dependent on fossil fuels than China

Since June, the share of fossil fuels in US electricity generation has surpassed that of China, casting doubt on America’s claim to lead the transi...

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Venezuela’s petroleum exports reach four-year high

Venezuela’s petroleum exports in October surged to their highest level in four years, driven by increased production and greater sales to India and...

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Iran expands share in joint oil fields through drilling industry development

The chairman of the board of directors of Iran’s Oil Exploration Operations Company (OEOC) emphasized that boosting production from joint oil field...

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Chinese company signs agreement to develop Iraqi oil field

CNOOC has announced that it has signed an exploration, development, and production agreement with the state-owned Midland Oil Company to explore petr...

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Containership Delays for Late Arrivals Hit Highest Levels Since Pandemic

Containership delays have climbed in 2024, reaching levels not seen since the height of the pandemic and peak container volumes. Sea-Intelligence’s...

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