_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 angela sa re 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
_angelas-talent-show-talking-tom-shorts-s2-episode-52.webp "Talking Tom")
_talking-angela-shine-together-official-music-video.webp "Talking Tom u0026 Friends TV")
_climate-change-increasing-the-rate-of-sand-dune-movement-in-sa.webp "New research is showing the spectacular sand dunes made famous in the 1970's film Storm Boy are moving so fast - anyone who lives on the coast should be paying close attention. Experts say climate change is rapidly increasing the rate of erosion of Australia’s longest stretch of coastal dunes and people living on the coast should be thinking about what will happen when their local beach is washed and blown towards their homes.")
_drone-catches-talking-angela-and-talking-tom-at-abandoned-alley-124-talking-tom-and-talking-angela.webp "AldosWorld TV")
⏲ 19 minutes 27 seconds 👁 4M
_angela-rayner-i-dont-see-any-reason-why-abbott-cant-stand.webp "Deputy Labour leader Angela Rayner defends Diane Abbott’s choice to stand as a Labour MP at the next general election saying, \")
_lishombe-angela-nyirenda-and-sakala-brothers.webp "Emmanuel Njobvu")
_new-masihi-geet-2023-124124-zindagi-hamesha-wali-by-angela-robin-124124-official-video.webp "Angela Robin Official")
⏲ 4 minutes 36 seconds 👁 213.3K
_dhirren-randhawa-pleads-guilty-to-lesser-charges-over-charlie-stevens-hit-and-run-crash.webp "A young driver accused of causing the death of Charlie Stevens, the SA Police Commissioner's son, during schoolies celebrations last year has had a charge of causing death by dangerous driving dropped. Dhirren Randhawa today pleaded guilty to two lesser charges as the Commissioner Grant Stevens said the driver has provided a letter of apology to his family.")
⏲ 1:15 👁 895K
_angelas-talent-show-talking-tom-shorts-s2-episode-52.jpg)
_talking-angela-shine-together-official-music-video.jpg)
_climate-change-increasing-the-rate-of-sand-dune-movement-in-sa.jpg)
_drone-catches-talking-angela-and-talking-tom-at-abandoned-alley-124-talking-tom-and-talking-angela.jpg)
_angela-rayner-i-dont-see-any-reason-why-abbott-cant-stand.jpg)
_lishombe-angela-nyirenda-and-sakala-brothers.jpg)
_new-masihi-geet-2023-124124-zindagi-hamesha-wali-by-angela-robin-124124-official-video.jpg)
_dhirren-randhawa-pleads-guilty-to-lesser-charges-over-charlie-stevens-hit-and-run-crash.jpg)
![[+]](/images/menu.gif){kind=small}