Wednesday, Oct 29, 2025

The World of Petroleum and Bitumen

The October Issue of WPB Journal

The October Issue of WPB Journal

MAGAZINES

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Global Sanctions Intensify, Reshaping the Bitumen and Heavy Oil Market Dynamics

According to WPB, the closing period of October 2025 marked a turning point in international trade relations, as Western powers broadened and reinforced economic restrictions targeting the energy sectors of Russia, Iran, and Venezuela. The...

BITUMEN

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India's Increasing Dependence on Oil and the Domino Effect in the Bitumen Market

According to WPB, India's reliance on imported crude oil has reached a peak of nearly 88% in, one of the highest dependency ratios in recent history....

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Biogenic Bitumen Discovered in Yakutia's Mir Pipe: Ancient Oil Migrated into Kimberlite Fractures

According to WPB, Russian researchers from Vernadsky Institute of Geochemistry and Analytical Chemistry (GEOKHI RAS) of the Russian Academy of Scienc...

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China's Asphalt Production Remains Large-Scale with Apparent Regional Imbalances

WPB reports that China's asphalt industry has continued to experience a large-scale production in recent years, with an apparent "W-shaped" fluctuati...

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Russia Jumps Ahead with Green Road Construction by Using Recycled Asphalt

State Company Avtodor has led the way with the use of recycled asphalt concrete (RAP) in Russian road construction, WPB states. Some 245,000 tons of ...

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Northeast China Bitumen Market Slows as Winter Storage Takes Top Priority

As October went on, WPB says the Northeast China bitumen market entered a sharp decline. Falling crude prices, the onset of hard winter weather, and ...

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