Sunday, Sep 13, 2026

The World of Petroleum and Bitumen

The August 2026 Issue of WPB Journal

The August 2026 Issue of WPB Journal

MAGAZINES

Partners

Saudi Arabia’s Key Hormuz Bypass Goes Offline After Drone Attack on East–West Pipeline

According to WPB, Saudi Arabia has temporarily shut its strategic East–West Pipeline following multiple drone attacks, taking one of the Middle East’s most important alternatives to the Strait of Hormuz out of operation at a critical m...

GENERAL

Last News

Gulf States and Iran Open High-Level Talks on Temporary Hormuz Shipping Framework

According to WPB, Gulf Cooperation Council foreign ministers are preparing to meet Iranian Foreign Minister Abbas Araghchi in Salalah, Oman, in a new...

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OPEC Output Drops 640,000 Bpd as Middle East Disruptions Override Planned Supply Increase

According to WPB, OPEC crude oil production fell by 640,000 barrels per day in August, showing how Middle East disruptions effectively erased a plann...

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Hormuz Transit Costs Surge to $10–20 Million as War-Risk Premiums Hit 10% of Cargo Value

According to WPB, the cost of moving an oil cargo through the Strait of Hormuz has climbed to as much as $10 million to $20 million in some cases, pr...

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UAE Builds New Hormuz-Bypass Trade Corridors, but Bitumen Still Needs Dedicated Logistics

According to WPB, the United Arab Emirates is accelerating the expansion of ports, pipelines and alternative trade corridors outside the Strait of Ho...

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Physical Oil Tightness Deepens as Middle East Crude Exports Remain 7 Million Bpd Below Pre-War Levels

According to WPB, the global physical oil market remains substantially tighter than headline futures prices suggest, with Middle East crude exports s...

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