Fuels Decline, Pollution Estimates Revised, Saudi Arabia Goes Green, and Climate Risk Looms

Fuels like diesel and naphtha are declining in Europe due to weak economic growth and reduced demand. China, on the other hand, is experiencing a surge in demand for diesel-type fuel. Eskom estimates much lower pollution deaths in South Africa compared to previous reports. Saudi Arabia is pursuing a green initiative to generate half of its electricity with renewables by 2030. Fitch Ratings warns that many fossil fuel companies may face credit downgrades due to climate risk. The IEA proposes stronger measures to limit global warming to 1.5C.