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By Emma Johnson • Updated Oct 15, 2026 at 11:40
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 indicates OECD oil inventories have dropped to their minimum level since 1989. Diesel shortages are forecasted to continue until 2027. Global observers mention the crisis is testing the resilience of global supply chains. Meanwhile, the World Bank has suggested reforms covering upstream oil and gas financing. Oil prices have remained steady despite threats to Middle East and Russian supplies.

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