Nature, Published online: 25 February 2026; doi:10.1038/d41586-026-00599-5
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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From the outset of the Gorton and Denton byelection, Labour strategists were desperate to say the party was on course to win, but the trouncing at the hands of the Greens has made this look laughable in hindsight.
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