Bessent calls for World Bank reforms, including upstream oil and gas financing - Reuters

IEA Report Indicates Severe Decline in OECD Oil Inventories

The IEA report shows OECD oil inventories have dropped to their minimum level since 1989. Diesel shortages are expected to persist until 2027. Global observers say the crisis is examining the resilience of global supply chains. Meanwhile, the World Bank has put forward reforms covering upstream oil and gas financing. Oil prices have remained steady despite threats to Middle East and Russian supplies.

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