Bitumentmag

Oil Prices Climb Amid Fears of U.S. Military Action Against Iran

Feb 21, 2026

According to WPB, on recent days, international attention once again concentrated on the strategic relationship between Iran and the United States, f...

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Analysis of the New U.S. Senate Bill on Heavy Petroleum Materials

Feb 16, 2026

According to WPB, Recent legislative activity in the United States has generated measurable attention across global energy markets, particularly in t...

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European Council Endorses a Gradual Ban on Russian Gas Imports as Energy Policy Reorients Industrial Supply Chains

Jan 31, 2026

According to WPB, The European Council’s decision to give final approval to a stepwise ban on Russian gas imports marks a significant development i...

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Israel's role in recent Middle East tensions and its impact on global bitumen and oil trade

Jan 29, 2026

According to WPB, Recent Israeli military activity and the continued volatility surrounding regional security in the Middle East have reinforced a r...

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China’s 2026 Tariff Architecture and Its Expanding Influence on Oil and Bitumen Trade Networks

Jan 27, 2026

According to WPB, From the outset of 2026, the enforcement of China’s revised tariff structure has introduced a new operational environment for glo...

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What consequences will the outbreak of war have for the global oil and bitumen trade?

Jan 25, 2026

According to WPB, the prospect of a direct military confrontation between the United States and Iran would immediately extend far beyond the borders...

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EU Steps Up Controls on Russian-Linked Petroleum

Jan 25, 2026

According to WPB, At the opening of 2026, the global bitumen market is experiencing a restrained and unusually cautious phase, with implications that...

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From Domestic Strain to Market Impact: Iran’s Ripple Effect on Energy Markets

Jan 24, 2026

According to WPB, Recent developments in Iran, coinciding with the implementation of a new round of U.S. restrictions on energy trade, have drawn int...

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China neutralizes the impact of US intervention in Venezuela with sanctions-hit oil reserves

Jan 24, 2026

According to WPB, China is known as the main consumer ofVenezuelan oil, and has been maintaining stable trade relations with Caracas for year...

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India's Decline in Russian Oil Imports: Sanctions Pressure, Oil Flow Redirection, and Impact on Refineries

Jan 24, 2026

According to WPB, while India is known as the third largest oil importer and consumer in the world, commercial data show that its imports from Russ...

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Investigating the factors affecting the increase in oil prices and its impact on global bitumen trade

Jan 23, 2026

According to WPB, the recent increase in global crude oil prices has begun to reverberate far beyond energy trading floors, gradually redefining pr...

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Analysis of oil prices and oil contracts signed in Iran

Jan 23, 2026

According to WPB, if we look at the data published in the latest OPEC monthly report, a clear picture of Iran's heavy oil pricing situation is�...

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Growing competition for Venezuelan crude oil exports to the US: Logistical and insurance challenges lie ahead

Jan 23, 2026

According to WPB, following the issuance of an executive order by US President Donald Trump lifting sanctions restrictions on Venezuelan crude oil, ...

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Arrest of Venezuela Leader and Political Implications for Oil and Bitumen Trade

Jan 05, 2026

According to WPB, Nicolás Maduro was reportedly captured and removed from Venezuela on January 3, 2026 following a U.S. military operation, with U.S...

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An Examination of Oil Market Developments in the Persian Gulf at the End of 2025

Dec 31, 2025

According to WPB, In the final days of December 2025, developments in Persian Gulf financial and energy markets sent a clear signal to global infrast...

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The Gradual Shift of Oil from Fuel to Infrastructure

Dec 31, 2025

According to WPB, Recent global trends indicate that oil is gradually losing its dominance as a fuel while maintaining, and in some areas strengtheni...

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Kazakhstan Oil Export Disruptions After Drone Attacks and Implications for the Bitumen Market

Dec 26, 2025

According to WPB, in recent days, disruptions affecting crude oil exports from Kazakhstan have drawn the attention of governments, refiners, and infr...

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Stable Oil Prices Bring Balance to Venezuelan and Russian Markets!

Dec 24, 2025

According to WPB, Late December trading in crude markets has brought renewed attention to supply risks linked to Venezuela and Russia, two countries ...

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A political case in Italy made the path of bitumen exports to Europe more sensitive

Dec 20, 2025

According to WPB, European bitumen exports have entered a more sensitive phase, marked by heightened scrutiny, slower approvals, and a noticeable shi...

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Russia’s Oil Revenue Slips as Bitumen Exports Face Tighter Conditions

Dec 13, 2025

According to WPB, In December 2025, the sharp contraction in Russia’s oil and gas revenues began to exert measurable influence on global heavy petr...

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