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By David Miller • 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 shows OECD oil inventories have fallen to their lowest level since 1989. Diesel shortages are forecasted to continue until 2027. Global observers mention the crisis is examining the resilience of global supply chains. Meanwhile, the World Bank has suggested reforms including upstream oil and gas financing. Oil prices have remained stable despite concerns over Middle East and Russian supplies.

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