_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 মাগি তি¦ 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
_aaaaaaaaaaaaaaaaaaaaaaaaaaaaaa.webp "DontegeheTube")
_love-bite-song-sapna-choudhary-journey-of-bhangover-sapna39s.webp "Amit Boora")
⏲ 2 minutes 14 seconds 👁 315
_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 👁 527.1M
_cocomelon-from-ohio-big-compilation-try-to-not-laugh-2.webp "ChoCho")
_heartwarming-video-of-woman-feeding-hospital-patient-goes-viral.webp "A 26-second video clip of a woman feeding a stranger in the next hospital bed at the Sultanah Aminah Hospital in Johor Baru has generated and spread feel-good vibes among Malaysians.<br/><br/>Read more at https://shorturl.at/kZWl5<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
_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 👁 39.6M
_a-major-police-presence-on-staniforth-road-darnall-after-an-39assault39.webp "A major police presence on Staniforth Road, Darnall after an 'assault'")
_true-heiress-92.webp "A wealthy heiress goes undercover as an intern at her family's company, only to discover her former high school bully is impersonating her and mistreating employees. She must expose the impostor's deceit and reclaim her rightful position.<br/>")
_aaaaaaaaaaaaaaaaaaaaaaaaaaaaaa.jpg)
_love-bite-song-sapna-choudhary-journey-of-bhangover-sapna39s.jpg)
_pompeii-archaeologists-uncover-incredibly-rare-blue-room-with-stunning-frescoes-of-female-figures.jpg)
_cocomelon-from-ohio-big-compilation-try-to-not-laugh-2.jpg)
_heartwarming-video-of-woman-feeding-hospital-patient-goes-viral.jpg)
_ls-election-results-2024-sanjay-raut-extends-full-support-to-rahul-gandhi-to-become-prime-minister.jpg)
_a-major-police-presence-on-staniforth-road-darnall-after-an-39assault39.jpg)
_true-heiress-92.jpg)
![[+]](/images/menu.gif){kind=small}