_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 গৠদঠVideo 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
_you-left-my-place-a-dirty-mess.webp "The People's Court")
_amita-pasido-aaa-aaa.webp "Avesh Qureshi")
_anticipating-marriage-wedding-bouquet-sparks-the-dream-of-aisle.webp "Laughter and music filled the air as his sister, glowing in her wedding dress, turned to toss the bouquet. A flurry of hopeful hands reached out, but amidst the crowd, it was his girlfriend who snagged the floral prize.<br/><br/>Surprise bloomed on her face, quickly replaced by pure joy. She squealed and pulled the bride into a tight hug, congratulating her with even more excitement.<br/><br/>Unable to contain himself, he whooped with delight and launched into a victory lap. A goofy grin stretched across his face as he pumped his fists in the air, clearly imagining himself next in line to walk down the aisle. <br/><br/>Location: Fiorano Modenese, Italy<br/>WooGlobe Ref : WGA936906<br/>For licensing and to use this video, please email licensing@wooglobe.com")
_dumb-athlete-ruins-his-life.webp "SSSniperWolf")
_the-boston-celtics-defeat-the-dallas-mavericks-105-98-taking-a-2-0-lead-in-the-nba-finalsitled-project.webp "The second game of the NBA Finals between the Boston Celtics and the Dallas Mavericks was held on Sunday at TD Garden in Boston. The Celtics won with a final score of 105-98, securing a 2-0 lead in the series.<br/><br/>Key highlights from the game include:<br/><br/>Jrue Holiday led the Celtics with 26 points and 11 rebounds.<br/>Jayson Tatum contributed with 12 assists and nine rebounds.<br/>For the Mavericks, Luka Doncic was the top scorer with 32 points, along with 11 assists and 11 rebounds.<br/><br/>The Celtics’ win was marked by strong performances from their key players, and they will now head to Dallas for the next game in the series. The Mavericks will be looking to even the series and keep their championship hopes alive. It’s shaping up to be an exciting Finals series!")
⏲ 0:59 👁 102.1M
_top-video-about-funny-joke-and-shfa.webp "shfa2 - شفا")
_diana-y-roma-dulces-y-caramelos-desafo-para-nios.webp "Diana and Roma ESP")
_alien-romulus-124-trailer-1.webp "Directed by Fede Alvarez, the sci-fi horror is a standalone instalment in the \")
_you-left-my-place-a-dirty-mess.jpg)
_amita-pasido-aaa-aaa.jpg)
_anticipating-marriage-wedding-bouquet-sparks-the-dream-of-aisle.jpg)
_dumb-athlete-ruins-his-life.jpg)
_the-boston-celtics-defeat-the-dallas-mavericks-105-98-taking-a-2-0-lead-in-the-nba-finalsitled-project.jpg)
_top-video-about-funny-joke-and-shfa.jpg)
_diana-y-roma-dulces-y-caramelos-desafo-para-nios.jpg)
_alien-romulus-124-trailer-1.jpg)
![[+]](/images/menu.gif){kind=small}