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 dropped to their lowest level since 1989. Diesel shortages are expected to continue until 2027. Global observers mention the crisis is testing the resilience of global supply chains. Meanwhile, the World Bank has put forward reforms encompassing upstream oil and gas financing. Oil prices have remained stable despite concerns over Middle East and Russian supplies.

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