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OverviewAPI
Fuels like diesel and naphtha are declining in Europe due to weak economic growth and reduced demand, while China experiences a surge in demand for diesel-type fuel. BP and other fossil fuel companies face credit downgrades due to climate risk. The IEA proposes a global strategy to limit global warming to 1.5C, including tripling global renewable capacity and reducing methane emissions. Oil refiners are facing a decline in gasoline demand as electric vehicles rise. The world is shifting towards clean energy, but investment in fossil fuels remains high.

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