Escalation of violence between the volatile neighbours makes a Qatar-mediated ceasefire appear increasingly shaky
Petrochemicals – of which plastics are the dominant output – now account for roughly 75% of net global oil-demand growth, and are projected to become the largest driver of future oil demand. Plastic production has already doubled in the past two decades. Major oil companies are responding accordingly. Recent consolidation – including a $60bn merger creating one of the world’s largest plastics producers – reflects a deliberate pivot toward petrochemical assets as a long-term demand anchor.
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Liz Kendall to launch consultation next week that will also explore alternatives such as curbs on infinite scrolling
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