MARKETS

Petrochemicals: the fastest-growing source of oil consumption

OIL demand growth to 2050 will be driven by plastics and petrochemicals, according to the most recent International Energy Agency forecast.

IEA chief Fatih Birol says petrochemical sector is one of the blind spots of the global energy debate

IEA chief Fatih Birol says petrochemical sector is one of the blind spots of the global energy debate

Petrochemicals "are set to account for more than a third of the growth in oil demand to 2030, and nearly half to 2050, ahead of trucks, aviation and shipping," the agency said in a report released Friday. ...

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