U.S. Urges World Bank to Lift Ban on Upstream Oil & Gas Funding
U.S. Treasury Secretary Scott Bessent called for profound reforms at the World Bank, including reversing its ban on upstream oil and gas financing, in a statement for the World Bank Development Committee and IMF International Monetary and Financial Committee.
Original · OilPrice.com AI summary of public reporting
Why: U.S. push to end World Bank oil funding ban → boosts supply outlook
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At publication → CurrentCL94.66 → 96.31+1.7%
BRENTOIL102.64 → 103.41+0.8%