Tuesday, Sep 08, 2026

The World of Petroleum and Bitumen

The August 2026 Issue of WPB Journal

The August 2026 Issue of WPB Journal

MAGAZINES

Partners

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...

LEARN MORE

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...

LEARN MORE

Global Bitumen Price – Week 1 of September 2026

Global bitumen markets entered the first week of September with a sharply divided regional pattern. Iranian 60/70 prices moved sharply lower, with dr...

LEARN MORE

OPEC+ Freezes October Output Policy as Hormuz Disruption Limits Physical Supply

According to WPB, OPEC+ has formally halted further production increases for October, leaving required output unchanged as disruptions to Middle East...

LEARN MORE

Bunker Fuel Jumps 76% as Refiners Cut Fuel Oil Output, Adding New Cost Pressure to Bitumen Shipping

According to WPB, a tightening global fuel-oil market is creating a new source of cost pressure for bitumen shipping as refinery disruptions, reduced...

LEARN MORE

Hormuz Route Risk Escalates as Iran Says It Targeted Three Tankers Using Unauthorized Passage

According to WPB, maritime risk in the Strait of Hormuz has escalated further after Iran’s Islamic Revolutionary Guard Corps Navy said it targeted ...

LEARN MORE

India Faces a Post-Monsoon Bitumen Test as Road Awards Rise and Supply Stays Tight

According to WPB, India’s road sector is approaching a potentially difficult post-monsoon period as high bitumen prices and disrupted availability ...

LEARN MORE

South Korea Weighs Military Options to Support Hormuz Navigation as Asian Energy Security Risks Rise

According to WPB, South Korea is reviewing practical measures to support freedom of navigation through the Strait of Hormuz, including options that c...

LEARN MORE

Iran’s Oil Loadings Fall 85% as Maritime and Financial Pressure Squeezes Export Execution

According to WPB, Iranian crude loadings have fallen to approximately 260,000 barrels per day in the current September period, providing one of the c...

LEARN MORE

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...

LEARN MORE

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...

LEARN MORE

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 ...

LEARN MORE

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...

LEARN MORE

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...

LEARN MORE

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...

LEARN MORE

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 ...

LEARN MORE

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...

LEARN MORE

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...

LEARN MORE

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...

LEARN MORE

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...

LEARN MORE