_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 timor by tahsin cover 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
_timor-loro-sae-124124-compositor-124124-ego-lemos-cover-tonita-amp-eja.webp "MUTUK OFFICIAL")
_ukraine-preparing-to-fight-putin-with-kamikaze-robot-army.webp "Ukraine is preparing to fight Putin - with a robot army.<br/><br/>The beleaguered country is crowdfunding for bots to fight the Russians, who invaded in February 2022.<br/><br/>The first fundraiser towards terrestrial robotic platforms was announced at the recent UNITED24 anniversary summit by President of Ukraine, Volodymyr Zelenskyy.<br/><br/>As well as robots to carry supplies and wounded soldiers, there will also be squadrons of kamikaze bots sent to take out enemy troops and vehicles.<br/><br/>UNITED24, Ukraine's official fundraising platform, say: \")
_timor-leste-music-cover-by-dac-official-audio-dili-akustik-cover.webp "Marq 7b")
_kika-martins-cover-o-rai-timor.webp "PITER keyboard")
_she39s-gone-timor-leste-cover-by-gerson.webp "FOCUS MULTIMEDIA OFFICIAL CHANEL")
_welcome-to-timor-official-video.webp "Mitu Freitas")
_opec-extends-oil-production-cuts-raising-concerns-of-higher-global-prices-here39s-why-that-could-spell-bad-news-for-the.webp "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.")
_familia-klan-cover-oh-rai-timor-nail.webp "KLAN HELL LORDS - KLAN HELL RECORDS")
_timor-loro-sae-124124-compositor-124124-ego-lemos-cover-tonita-amp-eja.jpg)
_ukraine-preparing-to-fight-putin-with-kamikaze-robot-army.jpg)
_timor-leste-music-cover-by-dac-official-audio-dili-akustik-cover.jpg)
_kika-martins-cover-o-rai-timor.jpg)
_she39s-gone-timor-leste-cover-by-gerson.jpg)
_welcome-to-timor-official-video.jpg)
_familia-klan-cover-oh-rai-timor-nail.jpg)
![[+]](/images/menu.gif){kind=small}