_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 birds and batair 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
_quail-birds-cutting-full-process-allinone-howtocut.webp "Indian Street markets")
_batair-karahi-quail-curry-winter-special-perfect-recipe.webp "Kitchen Classic USA")
_kanlaon-volcano-nagbuga-ng-5000m-na-plume-124-24-oras.webp "24 Oras is GMA Network’s flagship newscast, anchored by Mel Tiangco, Vicky Morales and Emil Sumangil. It airs on GMA-7 Mondays to Fridays at 6:30 PM (PHL Time) and on weekends at 5:30 PM. For more videos from 24 Oras, visit http://www.gmanews.tv/24oras.<br/><br/>#GMAIntegratedNews #KapusoStream<br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe")
_itny-sary-batair-ly-aye-setup-py.webp "Beauty Birds")
_does-the-worlds-largest-displacement-production-motorcycle-make-sense.webp "Triumph's Rocket 3 Storm R and GT models now have more power than before. Does the largest displacement production motorcycle in the world make sense for everyday riders? We went to France to find out.<br/><br/>Check out the story at https://www.cycleworld.com/motorcycle-reviews/triumph-rocket-3-storm-r-and-gt-first-ride-review/<br/><br/>Subscribe to Cycle World Youtube: http://www.youtube.com/c/cycleworld?sub_confirmation=1<br/>Listen on Spotify: https://open.spotify.com/show/6CLI74xvMBFLDOC1tQaCOQ<br/>Read more from Cycle World: https://www.cycleworld.com/<br/>Buy Cycle World Merch: https://teespring.com/stores/cycleworld")
_quail-laid-an-egg-first-time-in-birds-aviary.webp "Beauty Birds")
_batair-ka-shikar-2023-124-kirak-aur-jal-k-sath-shikar-124-quail-hunting-2023-124-how-to-catch-common-quail.webp "Explore Potohar")
Batair ka shikar 2023 | Kirak aur Jal k sath Shikar | Quail Hunting 2023 | How to Catch Common Quail
⏲ 4 minutes 9 seconds 👁 1.3M
_from-tanzania-to-singapore-i-here-to-stay.webp "\")
_quail-birds-cutting-full-process-allinone-howtocut.jpg)
_batair-karahi-quail-curry-winter-special-perfect-recipe.jpg)
_kanlaon-volcano-nagbuga-ng-5000m-na-plume-124-24-oras.jpg)
_itny-sary-batair-ly-aye-setup-py.jpg)
_does-the-worlds-largest-displacement-production-motorcycle-make-sense.jpg)
_quail-laid-an-egg-first-time-in-birds-aviary.jpg)
_batair-ka-shikar-2023-124-kirak-aur-jal-k-sath-shikar-124-quail-hunting-2023-124-how-to-catch-common-quail.jpg)
_from-tanzania-to-singapore-i-here-to-stay.jpg)
![[+]](/images/menu.gif){kind=small}