Friday, Sep 04, 2026

The World of Petroleum and Bitumen

The August 2026 Issue of WPB Journal

The August 2026 Issue of WPB Journal

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Operational Disruption Hits South Africa’s Bitumen-Producing Natref Refinery

According to WPB, South Africa’s Natref refinery has reported an operational disruption that affected refinery production and product supply, placi...

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Iran’s Bitumen Exporters Need a Second Gateway—Here’s How Gwadar Could Actually Work

According to WPB, Iranian bitumen exporters need more than another warning about the Strait of Hormuz. They need a second export architecture that ca...

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Aqaba Gains Ground as Iraq’s Hormuz Alternative as Transit Cargo Jumps 155%

According to WPB, Jordan’s Aqaba port is emerging as a working alternative trade corridor for Iraq as disruption in the Strait of Hormuz redirects ...

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Fresh US Strikes Near Bandar Abbas and Hormuz Add New Execution Risk for Iranian Bitumen Exports

According to WPB, a new wave of U.S. military strikes across southern Iran has added another layer of execution risk for Iranian bitumen exports afte...

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Iran Says Foreign Trade Has Fallen 35% as Sanctions and Maritime Restrictions Tighten Export Channels

According to WPB, Iran’s president has said the country’s exports and imports have fallen by nearly 35% under the combined pressure of U.S. sanct...

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US Waiver Keeps Crude Flow Open to Serbia’s Bitumen-Producing Pančevo Refinery Through September

According to WPB, a new U.S. sanctions waiver has extended the operating window for Serbia’s NIS through September 30, 2026, allowing crude oil imp...

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Global Bitumen Price – Week 4 of August 2026

Middle East pricing turned firmer at the producer level in Week 4. Iran rose by roughly $10–15/MT across packed 60/70 grades and Iraq gained about ...

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Puma Energy’s Bitumen Margins Jump 65% as Australia and Far East Volumes Rise

According to WPB, Puma Energy’s Bitumen segment recorded a 65% quarter-on-quarter increase in margins in the second quarter of 2026, providing a ra...

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Another 500,000-Tonne Road-Bitumen Source Goes Offline as Russia’s NORSI Refinery Halts

According to WPB, Russia’s bitumen supply system has been hit by another direct refinery disruption after the Lukoil-Nizhegorodnefteorgsintez refin...

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Only One Bitumen Tanker Passes Hormuz as Gulf Traffic Stays at One-Third of Recent Average

According to WPB, preliminary shipping data published on August 26, 2026 show that physical traffic through the Strait of Hormuz remains far from nor...

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A Tenth of Global Refining Capacity Is Disrupted as the Heavy-Products Squeeze Deepens

According to WPB, the global oil market has entered a more dangerous phase in which disruption is no longer concentrated around a single producer, re...

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Washington Puts Shipping at the Center of Iran Sanctions as Gulf Trade Faces a New Compliance Squeeze

According to WPB, the United States has placed shipping at the center of a broader sanctions campaign against Iran, creating a new layer of exposure ...

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China’s Bitumen Squeeze Moves From Futures to Physical Supply

According to WPB, China’s bitumen market has moved beyond a financial-market rally into a much tighter physical supply environment, with domestic s...

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Asia’s Fuel Squeeze Deepens as Singapore Gasoil Margins Jump 226%

According to WPB, Asia’s refined-fuel shortage is becoming increasingly visible in Southeast Asia, with imports of light and middle distillates fal...

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Iran’s Hormuz Vessel Blacklist Creates a Two-Sided Compliance Trap for Bitumen Shipping

According to WPB, Iran has added a new layer of commercial risk to shipping through the Strait of Hormuz by publishing a list of dozens of vessels it...

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India’s Bitumen Imports Collapse 50% Just as Demand Turns Higher

According to WPB, India’s bitumen supply balance has shifted sharply in 2026, with imports falling to approximately 905,000 metric tons in January-...

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France and Saudi Arabia Turn Hormuz Bypass Talks Into a Logistics Task Force

According to WPB, France and Saudi Arabia are moving discussions over alternatives to the Strait of Hormuz into a more formal energy and logistics pr...

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Orsk Strike Knocks a Russian Bitumen Producer Offline for Up to Six Months

According to WPB, Russia has lost the output of a refinery that directly produces road bitumen after the Orsknefteorgsintez refinery in the Orenburg ...

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Azerbaijan’s Bitumen Paradox: Exports Double as Output Plunges 42.2%

According to WPB, Azerbaijan’s bitumen market is sending two sharply different signals. Petroleum bitumen production fell 42.2% year on year to 81,...

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Global Bitumen Price – Week 3 of August 2026

The Middle East shows a generally softer producer tone this week, led by lower Iranian factory-level pricing and a weaker export indication from Turk...

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