Wednesday, Aug 19, 2026

The World of Petroleum and Bitumen

The July 2026 Issue of WPB Journal

The July 2026 Issue of WPB Journal

MAGAZINES

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Iraq Just Approved a Three-Month Hormuz Bypass: Could Its Bitumen Trade Be Next to Move Outside the Gulf?

According to WPB, Iraq has moved its search for alternatives to the Strait of Hormuz from emergency planning toward a defined commercial mechanism. On August 18, 2026, the Iraqi Council of Ministers approved new arrangements allowing Iraqi...

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China’s State Tankers Are Abandoning the Chokepoints: Could Fujairah and Oman Become the New Gateways for Asian Bitumen?

According to WPB, two of China’s largest state-controlled tanker operators are no longer treating the Strait of Hormuz and Bab el-Mandeb as routine...

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China Bitumen Jumps Again: Is Asia Entering a New Price Leg Higher?

According to WPB, China’s bitumen benchmark moved higher again on August 17, 2026, strengthening the argument that Asia may be entering another upw...

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Crude Is Getting Cheaper, But Refining Is Still Tight: Why Bitumen May Not Follow Oil Lower

According to WPB, the most important constraint in today’s oil market may no longer be the availability of crude alone. The pressure is increasingl...

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Hormuz Nears Zero Tracked Traffic: Is FOB Gulf Losing Meaning for Bitumen Buyers?

According to WPB, the Strait of Hormuz is approaching a point where the conventional way of pricing Gulf bitumen may no longer tell buyers enough abo...

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Indonesia Wants to Replace Imported Bitumen: Could Buton Asphalt Reshape Southeast Asian Trade?

According to WPB, Indonesia is moving from a long-discussed ambition to reduce imported bitumen toward a more structured domestic-substitution policy...

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