Saturday, Oct 10, 2026

The World of Petroleum and Bitumen

The September 2026 Issue of WPB Journal

The September 2026 Issue of WPB Journal

MAGAZINES

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VLCC Freight to China Hits $80 Million as Record Shipping Costs Reshape Asian Crude Trade

According to WPB, the cost of transporting a full Very Large Crude Carrier cargo from the U.S. Gulf to China has reached approximately $80 million, pushing crude freight to a level at which transportation itself is beginning to determine w...

OIL AND PETROLEUM | SHIPPING

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Cape Town, South Africa Opens New Tender for Supply and Delivery of Bituminous Products

According to WPB, the City of Cape Town in South Africa has opened a new 36-month tender for the supply and delivery of bituminous products required ...

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China Bitumen Market Surges After Holiday, but 12% Rise in Refinery Stocks Tempers Physical Shortage Signal

According to WPB, China’s bitumen futures market surged on the first trading day after the National Day holiday, with the main Shanghai Futures Exc...

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European BRAVE Project Targets Bio-Binders for Higher Recycling Rates in Asphalt Pavements

According to WPB, a new European research project has officially begun examining whether bio-based binders can be combined with reclaimed asphalt to ...

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IMO Confirms 93 Middle East Shipping Incidents as Hormuz Security Risks Continue Into October

According to WPB, the number of confirmed maritime incidents recorded in and around the Strait of Hormuz and the wider Middle East has risen to 93 as...

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Singapore Bitumen Supply Tightens Further as Refinery Outages Push Southeast Asian Buyers to Alternative Origins

According to WPB, Southeast Asia’s bitumen market has moved beyond a simple price increase in early October and entered a more serious period of co...

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