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

OECD Oil Inventories Hit Record Low Since 1989

The IEA report reveals OECD oil inventories have reached their minimum level since 1989. Diesel shortages are anticipated to continue until 2027. Global observers note the crisis is evaluating 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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