Sunday, Sep 28, 2025

The World of Petroleum and Bitumen

A delegation from India has once again urged Washington to allow oil imports from Iran or Venezuela as a way to compensate for the decline in oil imports from Russia

The delegation, who had traveled to Washington for discussions with U.S. authorities, repeated the same request, a source present at the negotiations...

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Recent Impacts of the UN General Assembly in the United States: Volatility in the Bitumen, Petroleum Products, and Oil Markets

The current UN General Assembly, which is scheduled to continue until September 29 in the United States, has attracted significant international inte...

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What is Snapback? Bitumen Market Analysis and Price Forecast after Snapback

The snapback mechanism, as outlined in Resolution 2231 (JCPOA), gives the signatories to the agreement, in the event of a "serious breach" of Iran's ...

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Trump Shifts Strategy: Eases Stance on Iran to Attract Chinese Energy Trade

According to WPB, President Donald Trump has revealed a significant shift in his approach toward Iran and China. In a post on Truth Social, he stated...

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Maritime Collision Off UAE Coast Highlights Risks Amid Regional Tensions

According to WPB, a recent maritime accident involving two oil tankers near the Strait of Hormuz has raised fresh concerns over the safety of navigat...

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Rising Tensions Threaten Security of the Strait of Hormuz

According to WPB, the Strait of Hormuz has once again come under intense scrutiny due to heightened tensions between Iran and Israel. As a vital arte...

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Tehran’s Energy Infrastructure Struck as Israeli Attacks Intensify

According to WPB, a recent wave of Israeli airstrikes has severely impacted Iran’s vital energy infrastructure, with key facilities in the capital ...

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Oil Prices Surge Amid Intensifying Iran-Israel Conflict Over Nuclear Sites

According to WPB, a sharp rise in global oil prices has followed a dramatic escalation in military tensions between Iran and Israel. Israeli forces h...

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Sinopec and Saudi Aramco Unit Form $4 Billion Joint Venture

China’s state-owned energy giant Sinopec has entered into an agreement with a subsidiary of Saudi Aramco to establish a new joint venture, with a r...

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Iran and Russia Strengthen Their Energy Ties

Energy collaboration between Iran and Russia has expanded, with Russian firms signing agreements to develop Iranian oilfields and both sides engaging...

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Espad Darya Paya’s Support for Rescue Teams and Victims of Shahid Rajaee Port Incident

According to Espad Darya Paya’s Public Relations Department, following the tragic incident at Shahid Rajaee Port, the company has expressed its sym...

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Indonesia Proposes $10 Billion in Extra U.S. Energy Imports Amid Tariff Talks

In a bid to persuade Washington to ease a proposed 32% tariff on its exports, Indonesia—the largest economy in Southeast Asia—is preparing to off...

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China’s New Regulations Against Foreign Sanctions Come Into Effect

Chinese Premier Li Qiang has signed an order to implement new regulations aimed at strengthening the country’s countermeasures against foreign sanc...

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China’s Gasoline Exports Plunge to Lowest Level in 12 Years

China’s gasoline exports in February fell to their lowest level since August 2012 due to reduced refinery production and lower profit margins.

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Chevron Paid Millions to Venezuela

Despite a license explicitly prohibiting payments to the Venezuelan government, the Biden administration secretly allowed Chevron to send hundreds of...

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How Would Russia’s Energy Trade Change if Sanctions Are Eased?

As negotiations continue to end the war in Ukraine, the potential easing of sanctions imposed on Russia—particularly in its vast energy sector—is...

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Construction of the Largest Municipal Wastewater Treatment Unit at Tehran Refinery

The CEO of Tehran Refinery announced that the largest industrial water treatment unit at Tehran Refinery is under construction.

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The Invention of a Fuel That Can Replace Fossil Fuels

The first e-methanol produced in Denmark has the potential to replace fossil fuels in heavy transport and aviation.

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The global energy outlook dominated by petroleum and gas

Despite the push for renewable energy, demand for petroleum remains high, highlighting its continued importance in the global energy mix.

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Reducing environmental pollution with oxidative desulfurization catalysts

A knowledge-based Iranian company has successfully localized the production of oxidative desulfurization catalysts for the first time.

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