_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 ও ছে 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-want-a-job-at-the-roblox-store-wan-show-june-7-2024.webp "Linus Tech Tips")
_a-aa-2-chal-mohan-ranga-full-hindi-dubbed-movie-with-english-subtitles-124-nithiin-megha-akash.webp "Aditya Movies")
⏲ 2 hours 4 minutes 32 seconds 👁 183.1M
_these-foods-amp-drinks-could-be-the-reason-you39re-sweating-a-lot.webp "Experts say there are things you may be eating and drinking that are causing you to perspire.")
_.webp "Eva Bravo Play")
_full-eps-the-double-life-of-a-billionaire-heiress.webp "The Double Life of a Billionaire Heiress 1-70<br/>#EnglishMovie#cdrama#shortfilm #drama#crimedrama #engsub #chinesedramaengsub #movieshortfull <br/>TAG: EnglishMovie,EnglishMovie dailymontion,short film,short films,drama,crime drama short film,drama short film,gang short film uk,mym short films,short film drama,short film uk,uk short film,best short film,best short films,mym short film,uk short films,london short film,4k short film,amani short film,armani short film,award winning short films,deep it short film<br/>")
_diana-y-roma-dulces-y-caramelos-desafo-para-nios.webp "Diana and Roma ESP")
_peppa-pig-try-not-to-laugh.webp "Mega YTP")
_39the-voice39-is-bringing-back-gwen-stefani-plus-two-new-coaches-that-may-address-some-fan-criticism.webp "Blake Shelton may not be returning to \")
⏲ 1:9 👁 92.7M
_i-want-a-job-at-the-roblox-store-wan-show-june-7-2024.jpg)
_a-aa-2-chal-mohan-ranga-full-hindi-dubbed-movie-with-english-subtitles-124-nithiin-megha-akash.jpg)
_these-foods-amp-drinks-could-be-the-reason-you39re-sweating-a-lot.jpg)
_.jpg)
_full-eps-the-double-life-of-a-billionaire-heiress.jpg)
_diana-y-roma-dulces-y-caramelos-desafo-para-nios.jpg)
_peppa-pig-try-not-to-laugh.jpg)
_39the-voice39-is-bringing-back-gwen-stefani-plus-two-new-coaches-that-may-address-some-fan-criticism.jpg)
![[+]](/images/menu.gif){kind=small}