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

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