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 indicates OECD oil inventories have dropped to their lowest level since 1989. Diesel shortages are anticipated to persist until 2027. Global observers note the crisis is evaluating the resilience of global supply chains. Meanwhile, the World Bank has suggested reforms covering upstream oil and gas financing. Oil prices have remained steady despite concerns over Middle East and Russian supplies.

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