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

OECD Oil Reserves Fall to 1989 Levels

The IEA report shows OECD oil inventories have fallen to their minimum level since 1989. Diesel shortages are forecasted to continue until 2027. Global observers note the crisis is evaluating the resilience of global supply chains. Meanwhile, the World Bank has proposed reforms encompassing upstream oil and gas financing. Oil prices have remained steady despite threats to Middle East and Russian supplies.

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