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

OECD Oil Inventories Hit Record Low Since 1989

The IEA report indicates OECD oil inventories have dropped to their minimum level since 1989. Diesel shortages are forecasted to persist 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 threats to Middle East and Russian supplies.

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