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U.S. Wants World Bank to Drop Ban on Upstream Oil and Gas Funding

Image: Crude Oil Prices Today | OilPrice.com. Rights remain with the publisher.

Treasury Secretary Scott Bessent says the World Bank should formally retire its ban on upstream oil and gas financing as the U.S. pushes reforms.

The World Bank needs profound reforms, including reversing a ban on upstream oil and gas financing, U.S. Treasury Secretary Scott Bessent said in a statement for the World Bank Development Committee and the IMF International Monetary and Financial Co... [2197 chars]

Read the full report on Crude Oil Prices Today | OilPrice.com

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World
First reported by
Crude Oil Prices Today | OilPrice.com
Published
Thursday, 15 October 2026, 7:00 pm IST
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