_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 www চà 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
_windows-what-does-program-is-not-responding-mean.webp "Hey Delphi")
_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.")
_.webp "ナイスマンniceman")
_the-down-house-aka-the-pound-down-house-1958.webp "British Pathé")
_sql-what-collation-should-i-use-to-store-british-pound-sign-in-varchar.webp "Hey Delphi")
⏲ 1 minute 16 seconds 👁 1
_coffee-varieties-arabica.webp "Curious Channel")
_patrick-mahomes39-college-gpa-has-heads-turning.webp "219 pro touchdown passes. Three Super Bowl wins in five seasons. The only quarterback ever to throw for 5,000 yards in a single season in the NFL and as an undergrad. Impressive numbers, Patrick Mahomes, but how about that college GPA?")
_the-beginner39s-guide-to-excel-excel-basics-tutorial.webp "Technology for Teachers and Students")
_windows-what-does-program-is-not-responding-mean.jpg)
_amber-rose-says-she39s-still-voting-for-donald-trump-after-felony-conviction.jpg)
_.jpg)
_the-down-house-aka-the-pound-down-house-1958.jpg)
_sql-what-collation-should-i-use-to-store-british-pound-sign-in-varchar.jpg)
_coffee-varieties-arabica.jpg)
_patrick-mahomes39-college-gpa-has-heads-turning.jpg)
_the-beginner39s-guide-to-excel-excel-basics-tutorial.jpg)
![[+]](/images/menu.gif){kind=small}