_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 sardine oil meme 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
_i-found-oil-shorts-memes-america.webp "Fresh Danial")
_why-this-portuguese-sardine-cannery-swears-by-its-100-year-old-method-124-regional-eats.webp "Insider Food")
⏲ 10 minutes 20 seconds 👁 7.4M
_big-time-oil-price-rollback-nakaamba-sa-susunod-na-linggo-124-saksi.webp "Saksi is GMA Network's late-night newscast hosted by Arnold Clavio and Pia Arcangel. It airs Mondays to Fridays at 11:00 PM (PHL Time) on GMA-7. For more videos from Saksi, visit http://www.gmanews.tv/saksi.<br/><br/>News updates on COVID-19 (coronavirus disease 2019) and the COVID-19 vaccine: https://www.gmanetwork.com/news/covid-19/<br/><br/>#Nakatutok24Oras<br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA News and Public Affairs Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/><br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe<br/><br/><br/>")
_america-oil-meme.webp "NootNooter")
_sumiya-trying-7-36b-meme-right-click-build-jakiro-124-sumiya-invoker-stream-moments-4381.webp "Sumiya Trying 7.36b Meme Right Click Build Jakiro | Sumiya Invoker Stream Moments 4381 from sardine oil meme")
⏲ 18:28 👁 25.4M
_guy-smells-bloody-fingers-in-walmart.webp "InfraBren")
_finding-oil-in-war-thunder.webp "Ask3lad")
_without-farmers-sicily-as-we-know-would-not-exist-drought-takes-its-toll-on-crops-and-livestock.webp "Italy declared a drought emergency in Sicily a couple of months ago, hitting farmers and breeders the hardest.")
⏲ 3:31 👁 5.1M
_i-found-oil-shorts-memes-america.jpg)
_why-this-portuguese-sardine-cannery-swears-by-its-100-year-old-method-124-regional-eats.jpg)
_big-time-oil-price-rollback-nakaamba-sa-susunod-na-linggo-124-saksi.jpg)
_america-oil-meme.jpg)
_sumiya-trying-7-36b-meme-right-click-build-jakiro-124-sumiya-invoker-stream-moments-4381.jpg)
_guy-smells-bloody-fingers-in-walmart.jpg)
_finding-oil-in-war-thunder.jpg)
_without-farmers-sicily-as-we-know-would-not-exist-drought-takes-its-toll-on-crops-and-livestock.jpg)
![[+]](/images/menu.gif){kind=small}