Fuel Consumption Decline, Pollution Estimates, and Climate Initiatives: Key News Highlights

Fuel consumption in Europe is expected to decline significantly, leading to economic and oil market impacts. Eskom estimates lower pollution deaths from coal-fired plants in South Africa. Saudi Arabia pursues carbon-friendly initiatives to power industry and reduce emissions. Fossil fuel companies face credit downgrades due to climate risk. The International Energy Agency calls for stronger measures to limit global warming to 1.5C.