_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 sony আ 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
Related Videos
_ls-election-results-2024-sanjay-raut-extends-full-support-to-rahul-gandhi-to-become-prime-minister.webp "In a recent statement, Shiv Sena leader Sanjay Raut discussed the leadership and future prospects of the INDIA alliance. On the question of Rahul Gandhi being the prime ministerial candidate, Raut expressed full support, stating, \")
⏲ 3:41 👁 36.3M
_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.")
_new-york-rising.webp "New York Rising is a culmination of a series of helicopter flights and many months of filming time-lapses. What originally started off as a commissioned project to gather supporting scenes for a feature film, quickly turned into a showcase of New York's beauty and growth. For this edit we focused solely on Manhattan. Each member of the Discover Footage team has their own personal attachments to New York, so flying high above the clouds, doors off was truly a moment we all felt lucky to experienc")
_red-arrows-and-typhoon-flypast-over-southsea-common-for-d-day-80.webp "Crowds were wowed by a Red Arrows and Typhoon flypast over Southsea Common for D-Day 80")
_ama-a-short-film-by-julie-gautier.webp "ULIE: n")
_i-wish-it-were-you-2024fullmoviehd.webp "I Wish It Were You (2024)TV'Episodes<br/>I Wish It Were You (HD)Movies'<br/>Isabel found herself reluctantly married to a stranger named Jared. As Isabel navigated her new life at work, she unexpectedly fell deeply for her boss-the billionaire Lorenzo Bellini.")
![Fortunes Unveiled My Husband is a Big Shot Full Episode [Hot Drama 2024]](https://cdn7.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KHIc1oGSwGl0kpxqdI_csZF9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_fortunes-unveiled-my-husband-is-a-big-shot-full-episode-hot-drama-2024.webp "Fortunes Unveiled My Husband is a Big Shot Full Episode [Hot Drama 2024]")
_history-of-gaming.webp "This is a university video-project made by")
_ls-election-results-2024-sanjay-raut-extends-full-support-to-rahul-gandhi-to-become-prime-minister.jpg)
_warbreck-house-fire-on-warbreck-hill-road-in-blackpool.jpg)
_new-york-rising.jpg)
_red-arrows-and-typhoon-flypast-over-southsea-common-for-d-day-80.jpg)
_ama-a-short-film-by-julie-gautier.jpg)
_i-wish-it-were-you-2024fullmoviehd.jpg)
_fortunes-unveiled-my-husband-is-a-big-shot-full-episode-hot-drama-2024.jpg)
_history-of-gaming.jpg)
![[+]](/images/menu.gif){kind=small}