Tuesday, Jul 29, 2025

The World of Petroleum and Bitumen

The July Issue of WPB Journal

The July Issue of WPB Journal

MAGAZINES

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中国炼油活动在利润改善和检修结束后达到近两年来最高水平

据《世界石油与沥青》(WPB)报道,2025年6月中国原油炼油活动激增,达到自2023年9月以来的最高水平。这一增长�...

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China’s Refining Activity Reaches Nearly Two-Year Peak as Margins Improve and Maintenance Ends

According to World of Petroleum and Bitumen (WPB), China’s crude oil refining activity surged in June 2025, reaching its highest level since Septem...

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Saudi Arabia Ranked as Top Importer of Russian Fuel Oil in June as Energy Demand Increased

According to WPB, Saudi Arabia emerged as the foremost destination for Russian seaborne exports of fuel oil and vacuum gasoil (VGO) in June, driven b...

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CNOOC Commences Heavy Oil Output from China’s Largest Offshore Shallow Reservoir

According to World of Petroleum and Bitumen (WPB), China National Offshore Oil Corporation (CNOOC), the country’s leading offshore oil and gas ente...

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Global Oil Demand Surpasses Historical Levels During Market Transition

According to WPB, global oil consumption has reached its highest level ever recorded, reflecting persistent demand growth—especially among developi...

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India Strengthens Energy Ties with U.S. and Brazil Following Global Oil Market Shifts

According to WPB, India has significantly diversified its crude oil sourcing strategy by boosting imports from the United States and Brazil, signalin...

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Turkish Energy Companies to Cooperate with Pakistan in Offshore Oil and Gas Prospects

According to WPB, Turkish energy entities are set to engage in offshore oil and gas exploration activities in Pakistani waters through strategic coll...

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土耳其能源公司将与巴基斯坦合作开发近海油气资源

据《世界石油与沥青》报道,土耳其能源企业将通过与巴基斯坦国内伙伴的战略合作,在该国海域展开近海油气�...

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Saudi Aramco Increases Crude Prices Despite OPEC+ Supply Expansion

According to World of Petroleum and Bitumen (WPB), Saudi Aramco has announced an upward adjustment in the official selling prices (OSPs) of its crude...

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New US Sanctions Target Iranian Oil Network, Pose Regional Implications

According to WPB, the United States has expanded its economic measures targeting Iran’s oil sector by introducing a new round of sanctions. These d...

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China Intensifies Acquisition of Iranian Crude

According to WPB, recent data from energy analytics firms such as Kpler reveal that China remains a key buyer of Iranian crude oil, continuing its im...

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India Expands U.S. Crude Oil Imports to Ease Trade Strain

According to WPB, India has substantially increased its crude oil imports from the United States, more than doubling recent volumes as part of a broa...

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Can Canada Replace Russia as an Oil and Gas Superpower?

According to WPB, Canada possesses significant reserves of oil and natural gas, but currently produces considerably less than Russia.

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Middle East Tensions Shake Oil Markets as Prices Drop Unexpectedly

According to World of Petroleum and Bitumen (WPB), rising hostilities in the Middle East have unsettled global energy markets, yet oil prices have de...

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Asian Refiners Seek More Term Crude as Regional Tensions Drive Up Spot Premiums

According to WPB, oil refiners across Asia are actively pursuing increased volumes through term contracts, responding to a surge in spot crude premiu...

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Geopolitical Escalation in the Middle East Triggers Global Oil Shock and Market Volatility

According to WPB, recent military developments in the Middle East have introduced heightened instability to global energy markets. Aerial strikes car...

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Japan Resumes Imports of Russian Sakhalin Crude for First Time Since 2023

According to WPB, Japan has recently resumed the importation of Russian-origin crude oil, marking the first such purchase since early 2023. The move ...

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Crude Oil Price Decline Challenges Profit Margins and Investment Plans in Energy Sector

According to WPB, the oil and gas sector is currently navigating a period of financial strain, as global crude prices hover in the low $60 range per ...

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Projected Surge in Norway’s Oil and Gas Spending to Reach All-Time High

According to WPB, investment levels in Norway’s oil and gas industry are poised to reach their highest point to date, largely propelled by increase...

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Global Base Oil Market Trends in Q1 2025 and Forward Outlook

According to WPB, the global base oil market displayed varied regional dynamics during the first quarter of 2025, shaped by crude oil fluctuations, r...

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