Energy Crisis

Global Debt and Energy Shock Dominate IMF–World Bank Meetings

Global finance leaders are gathering in Bangkok as an energy shock, rising borrowing costs and record public debt threaten vulnerable economies. The IMF and World Bank face pressure to deliver faster crisis financing and meaningful debt relief.

G7 Approves 100 Million-Barrel Fuel Reserve Release as Diesel Crisis Deepens

G7 countries will release up to 100 million barrels of diesel and crude oil from strategic reserves as disrupted shipping, refinery outages and the Middle East conflict drive fuel prices higher and place renewed pressure on households, transport and industry.