_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 a to z spares 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
_glen-powell-has-your-inside-look-at-netflix39s-hit-man.webp "Prepare yourself for an exclusive behind-the-scenes look at the highly anticipated Netflix romantic action comedy, Hit Man. Directed by the renowned Richard Linklater, this film promises to deliver a unique blend of humor, romance, and thrilling action sequences. Starring the charismatic Glen Powell and the talented Adria Arjona, Hit Man follows a gripping storyline filled with unexpected twists and turns. Join us as we delve into the making of this exciting movie, exploring the creative processes, intricate set designs, and the dynamic chemistry between the lead actors that bring this captivating story to life. Get ready to uncover the secrets behind what makes Hit Man a must-watch cinematic experience.<br/><br/>Hit Man Cast:<br/><br/>Glen Powell, Adria Arjona, Austin Amelio, Retta and Molly Bernard<br/><br/>Stream Hit Man June 7, 2024 on Netflix!")
_star-trek-10-episodes-that-paid-off-way-later.webp "Star Trek knows how to tease and deliver, even if it takes a little longer than expected.")
_it-sucks-on-the-hit-cbs-series-blue-bloods.webp "Watch the official \")
_final-call-for-love-kalos-tv-92.webp "June's decade-long love for Adrian led to a rushed marriage and a surprise pregnancy. Their joy shattered when Adrian's ex returned. Heartbroken, June left, and Adrian realized too late what he had lost.<br/>#Final_Call_for_Love_Kalos_TV_FULL_MOVIE<br/>#Final_Call_for_Love_Full_Movie<br/>#Final_Call_for_Love_Full_Episode<br/>#Final_Call_for_Love_Kalos_Tv_Series<br/>")
_football-transfer-news-june-5-2024.webp "Arsenal have launched a move for Viktor Tsyhankov as Mikel Arteta looks to boost their attacking ranks early this summer. The Gunners may also have joined Manchester United in the race for Joao Neves, though face major competition from Chelsea in the battle for Benjamin Sesko.")
_this-is-foolishness-kweisi-mfume-dismisses-allegations-that-fauci-amp-cia-conspired-on-covid-19.webp "During a House Select Committee on the Coronavirus hearing on Monday, Rep. Kweisi Mfume (D-MD) slammed attacks against Dr. Anthony Fauci about his leadership during the COVID-19 pandemic.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
⏲ 5:49 👁 35.7M
_parrot-steals-the-show-with-hilarious-dances-moves-during-parade.webp "A parrot stole the show at a theme park parade after its dance moves went viral. <br/><br/>Funny video shows the blue-eyed cockatoo standing in the middle of performers at Happy Valley theme park in Shenzhen, China. <br/><br/>As the music play, the white bird can be seen bouncing along to the beat of the music -to the delight of spectators. <br/><br/>The video was filmed on May 30.")
_trisha-paytas-gives-birth-to-second-baby-daughter-elvis.webp "Influencer Trisha Paytas has welcomed her second daughter, Elvis, into the world, delighting her fans who have followed her pregnancy journey since she announced it in February 2022 with ultrasound images and positive tests. Paytas, who thoroughly enjoyed her first pregnancy, gave birth to her first daughter, Malibu Barbie, in September 2022, making her the center of her universe. Fans were thrilled when she revealed a new ultrasound image, announcing a second baby due in May. Despite a slightly late arrival, baby Elvis was born, with Paytas sharing the joyous news on Instagram on June 4th, prompting an outpouring of well-wishes and reflections on her past struggles with fertility.")
_glen-powell-has-your-inside-look-at-netflix39s-hit-man.jpg)
_star-trek-10-episodes-that-paid-off-way-later.jpg)
_it-sucks-on-the-hit-cbs-series-blue-bloods.jpg)
_final-call-for-love-kalos-tv-92.jpg)
_football-transfer-news-june-5-2024.jpg)
_this-is-foolishness-kweisi-mfume-dismisses-allegations-that-fauci-amp-cia-conspired-on-covid-19.jpg)
_parrot-steals-the-show-with-hilarious-dances-moves-during-parade.jpg)
_trisha-paytas-gives-birth-to-second-baby-daughter-elvis.jpg)
![[+]](/images/menu.gif){kind=small}