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

OECD Oil Reserves Fall to 1989 Levels

The IEA report reveals OECD oil inventories have reached their lowest level since 1989. Diesel shortages are anticipated to persist until 2027. Global observers note the crisis is testing the resilience of global supply chains. Meanwhile, the World Bank has suggested reforms encompassing upstream oil and gas financing. Oil prices have remained steady despite threats to Middle East and Russian supplies.

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