_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 বাংলা ইতিহাস ছায়ছবির গান 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
_biden-labels-trump-39convicted-felon39-and-39clearly-unhinged39-at-fundraiser-39something-snapped-in-him39-after-2020.webp "President Joe Biden has launched a scathing attack on his predecessor, Donald Trump, labeling him a “convicted felon” and suggesting that “something snapped” in him after his 2020 election loss. Biden made these comments at a fundraiser in Greenwich, Connecticut, on Monday, reported The Hill. The President warned that Trump’s threat would be even greater in a second term and accused him of being “clearly unhinged.”")
⏲ 0:47 👁 31.4M
_red-arrows-and-typhoon-flypast-over-southsea-common-for-d-day-80.webp "Crowds were wowed by a Red Arrows and Typhoon flypast over Southsea Common for D-Day 80")
_critrium-du-dauphin-2024-stage-6-minute-maillot-jaune-amp-bleu-lcl.webp "Relive today's stage in the shoes of the LCL yellow and blue jersey holder!<br/> <br/>More Information on: <br/> <br/>www.letour.fr/criterium-du-dauphine<br/>www.facebook.com/CriteriumDuDauphine<br/>www.twitter.com/dauphine<br/>www.instagram.com/criteriumdudauphine <br/> <br/>© Amaury Sport Organisation - www.aso.fr")
_this-rechargeable-light-has-been-recalled.webp "The Consumer Product Safety Commission has issued a recall for rechargeable lights from Good Earth Lighting due to their potential to cause fires. Veuer’s Matt Hoffman reports.")
_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!")
![Fortunes Unveiled My Husband is a Big Shot Full [Hot Drama]](https://cdn10.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KHJb5EmSwG1q3q0LjHJ9BpP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_fortunes-unveiled-my-husband-is-a-big-shot-full-hot-drama.webp "Fortunes Unveiled My Husband is a Big Shot Full [Hot Drama]")
_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 \")
_biden-labels-trump-39convicted-felon39-and-39clearly-unhinged39-at-fundraiser-39something-snapped-in-him39-after-2020.jpg)
_red-arrows-and-typhoon-flypast-over-southsea-common-for-d-day-80.jpg)
_critrium-du-dauphin-2024-stage-6-minute-maillot-jaune-amp-bleu-lcl.jpg)
_this-rechargeable-light-has-been-recalled.jpg)
_glen-powell-has-your-inside-look-at-netflix39s-hit-man.jpg)
_fortunes-unveiled-my-husband-is-a-big-shot-full-hot-drama.jpg)
_star-trek-10-episodes-that-paid-off-way-later.jpg)
_it-sucks-on-the-hit-cbs-series-blue-bloods.jpg)
![[+]](/images/menu.gif){kind=small}