Thursday, Oct 15, 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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Iran Reportedly Expands Maritime Attack Strategy Beyond Hormuz as Five Shipping Incidents Emerge in 48 Hours

According to WPB, maritime security risks around the Strait of Hormuz may be entering a broader phase after at least five incidents involving tankers...

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Armenian Bitumen Buyers Report Prices Above $600/MT as Import Availability Tightens

According to WPB, road contractors in Armenia are reporting a sharp deterioration in bitumen availability, with market prices rising from approximate...

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October Bitumen Prices 2026: Asia Climbs Again as Iraq Softens and Europe Holds Firm

WPB – World of Petroleum & Bitumen has released its latest October bitumen prices for the second week of October 2026, showing a global market that...

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Kazakhstan Cuts October Bitumen Plan to 135,000 MT as Producer Price Gap Reaches 85,000 Tenge

According to WPB, Kazakhstan’s three major road-bitumen producers plan to produce a combined 135,000 metric tons in October, down from the 140,000 ...

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Saudi Arabia Targets 10 Million BPD Pipeline Export Capacity as Hormuz Bypass Strategy Expands

According to WPB, Saudi Arabia plans to raise its crude-oil export capacity through pipelines to as much as 10 million barrels per day over the next ...

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Hormuz Reopening Talks Stall as Iran Calls U.S. Response to Seven Conditions Insufficient

According to WPB, efforts to restore normal maritime passage through the Strait of Hormuz have stalled after Iran described the U.S. response to its ...

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India Steps In as Bitumen Hits ₹84,120/MT, Extends Highway Cost Relief Through December

According to WPB, India has extended its special cost-escalation relief for eligible national highway contractors through December 31, 2026, after bi...

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Could the November 3 U.S. Elections Change the Course of a War with Iran? Three Decisive Scenarios for the Strait of Hormuz and the Global Bitumen Market

According to WPB, the November 3 U.S. midterm elections are becoming an increasingly important political boundary for Washington’s Iran strategy, s...

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Uzbekistan’s Fergana Refinery Boosts Bitumen Output by 60% as Capacity Utilization Targets 65%

According to WPB, Uzbekistan’s Fergana Oil Refinery has increased bitumen production by approximately 60% following repairs to key processing units...

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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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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, p...

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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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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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October Bitumen Prices 2026: Global Bitumen Prices Rise Across Key Asian Markets

WPB – World of Petroleum & Bitumen has released its latest October bitumen prices for the first week of October 2026, covering major producing, exp...

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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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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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Aramco Says Global Oil Inventories May Take Two Years to Rebuild as Refining Shortfall Persists

According to WPB, rebuilding global oil inventories depleted during the 2026 Middle East supply crisis could take as long as two years even after flo...

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Georgia’s Kulevi Refinery Plans €650 Million Expansion as Bitumen Production Enters 2027 Roadmap

According to WPB, Black Sea Petroleum is preparing a major expansion of its Kulevi refinery on Georgia’s Black Sea coast, with plans to invest appr...

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Middle East Crude Exports Surpass Pre-War Levels Even as Tanker Attacks Accelerate

According to WPB, Middle East crude oil exports have recovered strongly enough to exceed pre-war levels on several days, even as attacks on commercia...

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India Domestic Bitumen Prices Jump More Than 6% in October Revision as VG30 Reaches ₹78,140/MT

According to WPB, domestic bitumen prices in India recorded a sharp upward adjustment at the beginning of October, with market-reported HPCL-HINCOL p...

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