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

The IEA Report Reveals a Critical Drop in OECD Oil Reserves

The IEA report shows OECD oil inventories have dropped to their minimum level since 1989. Diesel shortages are expected to continue until 2027. Global observers note the crisis is examining the resilience of global supply chains. Meanwhile, the World Bank has put forward reforms including upstream oil and gas financing. Oil prices have remained stable despite concerns over Middle East and Russian supplies.

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