Global oil demand growth to stall by 2028, says IEA

The IEA has predicted a significant slowdown in global oil demand growth in the coming years, driven by rising concerns over high prices and energy security

INEOS petrochemical plant hit by ‘unofficial’ protest over pay

Strikers blocked roads outside the major oil refinery in Scotland

‘Petrochemicals need $759bn to become net zero’

The investment must be made into carbon capture and electrification, a new report warns

India to account for 34% of Asian petrochemicals by 2025

The country is growing its portfolio to meet heavy industry demands

BP agrees to sell petrochemicals business to INEOS in $5bn deal

The sale is the energy giant’s next strategic step in ‘reinventing BP’ and helping it become a lower carbon company

INEOS installs new tech in London office to improve air quality

The installation of air filters is said to have ‘massively improved’ air quality across the office

INEOS plans $2bn ‘most energy efficient’ petrochemical complex in Saudi Arabia

It is investing in three plants which are expected to begin production in 2025

Petrochemicals giant INEOS to pump £1bn in the UK

It is investing £500m in the Forties Pipeline System and £350m in a new energy efficient steam and power plant

IEA: Rising consumption of plastics to drive oil demand growth

Petrochemicals – i.e. components derived from oil and gas used in daily products like plastics, clothing and detergents – are to account for more than a third of growth to 2030

INEOS to invest €2.7bn in two chemical plants in Europe

The ethane ‘cracker’ is expected to be one of the most efficient and environmentally friendly facilities