Fuels Decline in Europe, China Surges, South Africa's Pollution Estimates Lowered, Fossil Fuel Industry Faces Credit Downgrades, Global Strategy Proposed to Limit Global Warming

Fuels like diesel and naphtha are declining in Europe due to weak economic growth and reduced demand. China, on the other hand, experiences a surge in demand for diesel-type fuel. South Africa's state power utility estimates lower pollution from coal-fired plants than previously thought. Fitch Ratings warns of credit downgrades for much of the fossil fuel industry due to climate risk. The International Energy Agency proposes a global strategy to limit global warming to 1.5C. The price difference between crude oil and gasoline is declining, indicating a decline in gasoline demand.