As the energy transition progresses, demand for petrochemicals is expected to drive oil demand growth.
ADNOC’s acquisition of German company Covestro reflects a strategic focus on petrochemicals, gas, renewables, and low-carbon fuels.
Petrochemicals remain essential in various sectors, making oil companies’ investments in this area a hedge against declining road transport oil use.
As the energy transition progresses, demand for petrochemicals is expected to drive oil demand growth.
ADNOC’s acquisition of German company Covestro reflects a strategic focus on petrochemicals, gas, renewables, and low-carbon fuels.
Petrochemicals remain essential in various sectors, making oil companies’ investments in this area a hedge against declining road transport oil use.