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

IEA Report Shows OECD Oil Stocks at Historic Low

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

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