_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 moto চৠVideo 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
_judy-ann-santos-barbie-forteza-david-licauco-melai-cantiveros-in-one-stage-pep-shorts.webp "Big stars like Judy Ann Santos, Barbie Forteza, David Licauco, Melai Cantiveros, and popular food vloggers gather together for the Maggi X Nestlé<br/>Tasteblazers Reinventing Culinary Inspiration event for a night of delicious celebration and fun. #NestleTastleblazers #NewsPH #PEPNews #entertainmentnews <br/><br/>Video: Bernie Franco<br/><br/>Subscribe to our YouTube channel! https://www.youtube.com/@pep_tv<br/><br/>Know the latest in showbiz at http://www.pep.ph<br/><br/>Follow us! <br/>Instagram: https://www.instagram.com/pepalerts/ <br/>Facebook: https://www.facebook.com/PEPalerts <br/>Twitter: https://twitter.com/pepalerts<br/><br/>Visit our DailyMotion channel! https://www.dailymotion.com/PEPalerts<br/><br/>Join us on Viber: https://bit.ly/PEPonViber<br/><br/>Watch us on Kumu: pep.ph")
⏲ 0:43 👁 284.4M
_self-balancing-autonomous-yamaha-motobot-motorcycle.webp "DPCcars")
_the-story-of-the-suzuki-gt750-124-the-civilized-superbike.webp "Brightside Media")
_alien-romulus-124-trailer-1.webp "Directed by Fede Alvarez, the sci-fi horror is a standalone instalment in the \")
_pro-5-superhero-team-124124-hey-spider-man-go-to-trainning-nerf-gun-funny-action-real-life.webp "FLife TV")
⏲ 12 minutes 5 seconds 👁 128.9M
_amber-rose-says-she39s-still-voting-for-donald-trump-after-felony-conviction.webp "Amber Rose says a little thing like a felony is not going to stop her from voting for Donald Trump for president ... and she thinks it will actually propel him to the White House.")
_ducati-everything-you-need-to-know-124-up-to-speed.webp "Donut")
_yamaha-motorcycles-are-going-automatic-bikers-in-shock.webp "Yammie Noob")
_judy-ann-santos-barbie-forteza-david-licauco-melai-cantiveros-in-one-stage-pep-shorts.jpg)
_self-balancing-autonomous-yamaha-motobot-motorcycle.jpg)
_the-story-of-the-suzuki-gt750-124-the-civilized-superbike.jpg)
_alien-romulus-124-trailer-1.jpg)
_pro-5-superhero-team-124124-hey-spider-man-go-to-trainning-nerf-gun-funny-action-real-life.jpg)
_amber-rose-says-she39s-still-voting-for-donald-trump-after-felony-conviction.jpg)
_ducati-everything-you-need-to-know-124-up-to-speed.jpg)
_yamaha-motorcycles-are-going-automatic-bikers-in-shock.jpg)
![[+]](/images/menu.gif){kind=small}