IEA: Petrochemicals to Become Biggest Demand Driver for Oil, Eventually

SUGAR LAND--October 9, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Countries including the People's Republic of China and the United States will see the largest petrochemicals additions in the near term, while longer-term growth will be led by Asia and the Middle East, as petrochemicals slowly become the largest drivers of global oil demand, according to a new report by the International Energy Agency (IEA) (Paris, France). Within this article: Update on steam cracker complex in Pengerang, Malaysia. Other companies featured: McDermott International Incorporated (NYSE:MDR), Sasol Limited (NYSE:SSL)