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Europe's Fuel Consumption Declines, China's Demand Surges
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Fuel consumption in Europe is expected to decline due to weak economic growth and reduced demand in the manufacturing and transportation sectors. This decline may have far-reaching effects on economies and oil markets globally. On the other hand, China is experiencing a surge in demand for diesel-type fuel due to its booming property sector and investments in petrochemical capacity.
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How might the decline in European fuel consumption impact the global oil market?
What are the potential economic and environmental benefits of the transition to clean energy?
What measures can the fossil fuel industry take to address climate risk?
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