Tag: oil industry
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Fall in the plastic industry will also reduce oil demand
(Deepshikha Gautam, Intern Journalist) New Delhi: The demand for plastic is expected to decline drastically in the next 10 years. The amount of 400 billion dollars investment in the petrochemical and oil industry is also in danger. The report ‘The future is not in plastic’ released on Sunday by systemicQ and carbon tracker says that…
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COVID-19 to heavily weigh on the OIL INDUSTRY?
(Pooja Pal; Intern Journalist): INTRODUCTION: Oil ought to be one of the major commodities in terms of utmost importance in the world. Petroleum extracted from oil forms a crucial energy source for vehicles, planes, heating, asphalt, and electricity. Besides being a crucial energy source, petroleum is put to use for plastics, paints, chemicals, tape, etc.…