_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 amanzoe resort prices 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
_inside-a-greek-supermarket-current-prices-shopping-tips-and-full-price-breakdown.webp "My Greek Lifestyle 🇬🇷")
⏲ 14 minutes 46 seconds 👁 5.4K
_92.webp "The NBA Finals are finally here, and the Celtics are set to take on the Mavericks starting June 6th. Bobby Manning from CLNS Media teamed up with Noa Dalzell from Celtics Blog to chat about what to expect in the series. They talked about Kristaps Porzingis possibly coming back and what that means for the Celtics. They also dove into the big challenge of trying to guard Luka Doncic and the different strategies the team might use. <br/><br/>0:00 - Intro<br/>1:10 - Key role players' impact on Celtics vs. Mavs matchup<br/>2:50 - Defensive strategies against Luka and Kyrie<br/>4:38 - Celtics' defensive options and matchups for the series<br/>5:52 - Balancing offensive strategy against Dallas's defense<br/>7:29 - Importance of Porzingis' availability for the series<br/>9:18 - Impact of Porzingis on Celtics' lineup and strategy<br/>11:00 - Expectations for a competitive series with full player rotations<br/>12:40 - Storylines: Porzingis vs. Dallas, Kyrie vs. Celtics<br/>17:10 - Handling the intensity of the finals<br/>18:50 - Tatum vs. Luka: Not a one-on-one showdown<br/>20:08 - Tatum needing to match Luka's level<br/><br/>Prize Picks! Get in on the excitement with PrizePicks, America’s No. 1 Fantasy Sports App, where you can turn your hoops knowledge into serious cash. Download the app today and use code CLNS for a first deposit match up to $100! Pick more. Pick less. It’s that Easy! Go to https://PrizePicks.com/CLNS<br/><br/>Gametime! Take the guesswork out of buying NBA tickets with Gametime. Download the Gametime app, create an account, and use code CLNS for $20 off your first purchase. Download Gametime today. Last minute tickets. Lowest Price. Guaranteed. Terms apply. Go to https://gametime.co !")
_imerovigli-santorini-best-caldera-hotels-amp-where-to-stay.webp "Santorini Dave")
_athens-greece-best-hotels-amp-where-to-stay-in-2024.webp "Santorini Dave")
_amanjena-124-inside-the-most-beautiful-resort-in-marrakech-full-tour-in-4k.webp "Luxefarer TRAVEL")
⏲ 55 minutes 8 seconds 👁 9.9K
_2024-124-14.webp "Trips u0026 Hikes")
_are-shoppers-becoming-less-brand-loyal-amid-the-cost-of-living-crisis.webp "As food prices rise by around 24% on average, customers have changed their shopping habits to keep up with increased costs.")
_shore-jigging-fishing.webp "Incomigos")
_inside-a-greek-supermarket-current-prices-shopping-tips-and-full-price-breakdown.jpg)
_92.jpg)
_imerovigli-santorini-best-caldera-hotels-amp-where-to-stay.jpg)
_athens-greece-best-hotels-amp-where-to-stay-in-2024.jpg)
_amanjena-124-inside-the-most-beautiful-resort-in-marrakech-full-tour-in-4k.jpg)
_2024-124-14.jpg)
_are-shoppers-becoming-less-brand-loyal-amid-the-cost-of-living-crisis.jpg)
_shore-jigging-fishing.jpg)
![[+]](/images/menu.gif){kind=small}