_opec-extends-oil-production-cuts-raising-concerns-of-higher-global-prices-here39s-why-that-could-spell-bad-news-for-the.jpg "OPEC+ Extends Oil Production Cuts, Raising Concerns of Higher Global Prices. Here's Why That Could Spell Bad News for the Biden’s Re-election Chances from shakib al চোদা Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:38
👁 View: 14.3M times
✓ Published: 05-Jun-2024
👁 View: 14.3M times
✓ Published: 05-Jun-2024
Description:
OPEC+ agreed to extend existing oil production cuts of more than 3 million barrels per day through the end of 2025, as well as ongoing cuts of over 2 million barrels per day through September 2024. The cuts could raise global oil prices by prolonging supply restrictions at a time when demand concerns remain. Higher prices could negatively impact the US economy ahead of the 2024 elections. The Biden administration may be concerned about a potential spike in energy costs impacting voters. It has taken some actions to increase fuel supply and tamp down prices.
OPEC+ agreed to extend existing oil production cuts of more than 3 million barrels per day through the end of 2025, as well as ongoing cuts of over 2 million barrels per day through September 2024. The cuts could raise global oil prices by prolonging supply restrictions at a time when demand concerns remain. Higher prices could negatively impact the US economy ahead of the 2024 elections. The Biden administration may be concerned about a potential spike in energy costs impacting voters. It has taken some actions to increase fuel supply and tamp down prices.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_39too-little-too-late39-mitch-mcconnell-hammers-biden-over-border-policies.webp "During remarks on the Senate floor, Senate Minority Leader Mitch McConnell (R-KY) spoke about Biden's response to the border crisis.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
_top-20-movies-everyone-should-see-at-least-once.webp "Stop what you're doing and watch these movies immediately! For this list, we’ll be ranking the big ones, the films that are considered classics by many, and those that should probably be part of a balanced cinematic diet at least once during your lifetime.")
_warbreck-house-fire-on-warbreck-hill-road-in-blackpool.webp "At 23:33 hours on Friday 7th June, ten fire engines and numerous specialist appliances responded to a fire involving a disused commercial premise on Warbreck Hill Road in Blackpool.")
_tim-burton-says-it-was-like-michael-keaton-was-92.webp "Michael Keaton left his co-stars and director stunned when he jumped back into playing Beetlejuice like it was yesterday.")
_it-sucks-on-the-hit-cbs-series-blue-bloods.webp "Watch the official \")
_parrot-steals-the-show-with-hilarious-dances-moves-during-parade.webp "A parrot stole the show at a theme park parade after its dance moves went viral. <br/><br/>Funny video shows the blue-eyed cockatoo standing in the middle of performers at Happy Valley theme park in Shenzhen, China. <br/><br/>As the music play, the white bird can be seen bouncing along to the beat of the music -to the delight of spectators. <br/><br/>The video was filmed on May 30.")
_the-double-2024-episode-15-english-sub.webp "The Double (2024) Episode 12 English sub")
_opec-extends-oil-production-cuts-raising-concerns-of-higher-global-prices-here39s-why-that-could-spell-bad-news-for-the.webp "OPEC+ agreed to extend existing oil production cuts of more than 3 million barrels per day through the end of 2025, as well as ongoing cuts of over 2 million barrels per day through September 2024. The cuts could raise global oil prices by prolonging supply restrictions at a time when demand concerns remain. Higher prices could negatively impact the US economy ahead of the 2024 elections. The Biden administration may be concerned about a potential spike in energy costs impacting voters. It has taken some actions to increase fuel supply and tamp down prices.")
_39too-little-too-late39-mitch-mcconnell-hammers-biden-over-border-policies.jpg)
_top-20-movies-everyone-should-see-at-least-once.jpg)
_warbreck-house-fire-on-warbreck-hill-road-in-blackpool.jpg)
_tim-burton-says-it-was-like-michael-keaton-was-92.jpg)
_it-sucks-on-the-hit-cbs-series-blue-bloods.jpg)
_parrot-steals-the-show-with-hilarious-dances-moves-during-parade.jpg)
_the-double-2024-episode-15-english-sub.jpg)
![[+]](/images/menu.gif){kind=small}