_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 lloyds stock news 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
_shree-global-tradefin-q4-results-lloyds-enterprises-results-lloyds-enterprises-share-latest-news.webp "Share Market with Vini")
Shree Global Tradefin Q4 Results 🔴 LLOYDS Enterprises Results 🔴 LLOYDS Enterprises Share Latest News
⏲ 4 minutes 13 seconds 👁 370
_donald-trump-says-criminal-conviction-has-been-39very-hard39-on-melania-vows-for-39revenge39-in-upcoming-election.webp "Trump, who was found guilty of falsifying business records to conceal hush-money payments to former porn star Stormy Daniels during the 2016 presidential election campaign, shared his thoughts on how it affected his wife Melania in an interview with Fox News.")
⏲ 0:57 👁 123.9M
_lloyd-engineering-share-latest-news-best-stocks-for-long-term-investing-best-stocks-2024.webp "Sagarnomics")
⏲ 15 minutes 14 seconds 👁 3.9K
_lloyds-engineering-works-ltd-lloyd-steel-share-latest-news-lloyds-engineering-share-lloydseng-smse.webp "Stock Market Share")
⏲ 8 minutes 49 seconds 👁 367
_record-date-lloyds-enterprises-share-latest-news-shree-global-tradefin-latest-news.webp "STOCK with JAY")
⏲ 3 minutes 37 seconds 👁 246
_amc-stock-and-gme-stock-new-rules-before-the-squeeze.webp "New York Angelo")
_heart-evangelista-meets-fellow-senate-spouses-124-pep-hot-story.webp "Si Heart Evangelista na ang mamumuno sa organisasyon ng mga kabiyak ng mga senador matapos hiranging Senate President ang kanyang asawang si Francis \")
_35000000-new-amc-shorts-put-to-manipulate-price-and-rob-retail-investors-where-did-they-originate.webp "DonnahueGeorge Stocks Real Estate Health")
35,000,000 New AMC shorts put to manipulate price and rob retail investors where did they originate?
⏲ 4 minutes 58 seconds 👁 367
_shree-global-tradefin-q4-results-lloyds-enterprises-results-lloyds-enterprises-share-latest-news.jpg)
_donald-trump-says-criminal-conviction-has-been-39very-hard39-on-melania-vows-for-39revenge39-in-upcoming-election.jpg)
_lloyd-engineering-share-latest-news-best-stocks-for-long-term-investing-best-stocks-2024.jpg)
_lloyds-engineering-works-ltd-lloyd-steel-share-latest-news-lloyds-engineering-share-lloydseng-smse.jpg)
_record-date-lloyds-enterprises-share-latest-news-shree-global-tradefin-latest-news.jpg)
_amc-stock-and-gme-stock-new-rules-before-the-squeeze.jpg)
_heart-evangelista-meets-fellow-senate-spouses-124-pep-hot-story.jpg)
_35000000-new-amc-shorts-put-to-manipulate-price-and-rob-retail-investors-where-did-they-originate.jpg)
![[+]](/images/menu.gif){kind=small}