OECD Oil Inventories Hit Record Low Since 1989
• By Editorial Staff
The IEA report reveals OECD oil inventories have reached their minimum level since 1989. Diesel shortages are forecasted to persist until 2027. Global observers mention the crisis is evaluating the resilience of global supply chains. Meanwhile, the World Bank has put forward reforms covering upstream oil and gas financing. Oil prices have remained steady despite concerns over Middle East and Russian supplies.