_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 বড় বড় ধ 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
_pompeii-archaeologists-uncover-incredibly-rare-blue-room-with-stunning-frescoes-of-female-figures.webp "Experts believe the 8-square metre room can be interpreted as a shrine, or a space dedicated to ritual activities and the storage of sacred objects.")
⏲ 0:48 👁 468.3M
_.webp "Lan Dau")
⏲ 3 minutes 20 seconds 👁 233
_j-ch-sh.webp "Stickman Official")
_speed-demon-yamaha-tz750-had-too-much-of-everything.webp "The legendary Yamaha TZ750 two-stroke racer was a bike three-time world champ Kenny Roberts said had \")
_long-vowel-letter-o-oa-o-e-ow-english4abc-phonics-song.webp "English4abc")
_these-foods-amp-drinks-could-be-the-reason-you39re-sweating-a-lot.webp "Experts say there are things you may be eating and drinking that are causing you to perspire.")
_dur-dur-detre-bebe-jordy-robledo.webp "Julio JRO")
_toa-39ura-ua-ite-oe.webp "Alexey Bekmuratov")
_pompeii-archaeologists-uncover-incredibly-rare-blue-room-with-stunning-frescoes-of-female-figures.jpg)
_.jpg)
_j-ch-sh.jpg)
_speed-demon-yamaha-tz750-had-too-much-of-everything.jpg)
_long-vowel-letter-o-oa-o-e-ow-english4abc-phonics-song.jpg)
_these-foods-amp-drinks-could-be-the-reason-you39re-sweating-a-lot.jpg)
_dur-dur-detre-bebe-jordy-robledo.jpg)
_toa-39ura-ua-ite-oe.jpg)
![[+]](/images/menu.gif){kind=small}