The war on plastic will dent oil demand more than anticipated

The oil and gas sector has spent far less time thinking about an important change that could have just as large an effect as electric vehicles: the war on plastic. As businesses eliminate plastic straws and bags, and governments act to reduce disposable packaging, this will have profound implications because plastic, of course, is ultimately made of crude oil.

Read the full article by Christof Rühl, Advisory Board, Crystol Energy, and former Chief Economist, BP, published in the Financial Times.

The article is also available in German.