Global oil consumption declined by roughly 9% in 2020 as the pandemic reduced business and pleasure travel, factory production and transportation of goods. This abrupt drop accelerated an ongoing ...

Petrochemical products, especially plastics, are a major contributor to global oil demand, with production expected to rise steeply by 2050. Grassroots campaigns and international philanthropy are ...

Dublin, May 07, 2025 (GLOBE NEWSWIRE) -- The "Global Petrochemicals Capacity and Capital Expenditure Outlook, 2025-2030" has been added to ResearchAndMarkets.com's offering. Global petrochemical ...

Occidental Petroleum is reportedly in talks to divest its petrochemicals division, OxyChem, in a deal that could be worth up to $10 billion and would create one of the largest independent ...

There are three key reasons why the development of a world-class petrochemicals (petchems) sector is vital to Iraq’s future. First, its heavy reliance on crude oil exports makes it extremely ...

Fossil fuels are the foundation of countless everyday products ranging from plastics to detergents. Entire industries still depend on fossil fuels and their derivative materials, petrochemicals, but ...

Petrochemical products, such as plastics, rubber, and fertilisers, are the building blocks supporting our day-to-day activities. Because of their huge contribution to the global economy, ...

Simply sign up to the Climate change myFT Digest -- delivered directly to your inbox. Petrochemicals are a growing part of our everyday lives and the sector produces ...

Phillips 66 is Closing its LA Refinery this Month. Neighbors Still Don’t Know if the Company Will Pay for the Cleanup. Arizona Launches Investigation into Proposed Critical Mineral Mine’s Contaminated ...

OIL ANALYSTS debate the future of transport fuels. That of petrochemicals—used to make everything from plastic packaging to paint—has seemed unequivocally bright. The International Energy Agency (IEA) ...

Simply sign up to the Oil myFT Digest -- delivered directly to your inbox. Petrochemicals are rapidly becoming the biggest driver of global oil consumption — ahead of trucks, aviation and shipping — ...

Global oil consumption declined by roughly 9% in 2020 as the pandemic reduced business and pleasure travel, factory production and transportation of goods. This abrupt drop accelerated an ongoing ...