_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 re panic natok 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
_124-kerani-akkass-124-mosharraf-karim-124-tania-bristy-124-bangla-new-natok-2023.webp "DeadLine Entertainment")
⏲ 47 minutes 52 seconds 👁 1.5M
_harry-wild-season-3-episode-4.webp "S3 E4 - The Man Who Murdered Himself<br/><br/>Harry and Fergus must figure out how a mystery writer could have shot himself in a locked panic room without a gun. Fellow P.I. Harry Benedict continues to inveigle his way into Harry's life.")
_halka-pagla-124-full-drama-124-124-mosharraf-karim-124-tania-brishty-124-mehedi-rony.webp "Ten On Ten Entertainment")
⏲ 46 minutes 48 seconds 👁 1.8M
_mission-shoshur-bari-124-124-eid-natok-124-mosharraf-karim-124-neelanjona-neela-124-natok-2023.webp "HIA Entertainment")
Mission Shoshur Bari | মিশন শশুর বাড়ি | Eid Natok | Mosharraf Karim | Neelanjona Neela | Natok 2023
⏲ 45 minutes 2 seconds 👁 2.8M
_babarbiriani-124-124-babar-biriani-124-tawsif-fazlur-rahman-babu-124-eid-natok-2024.webp "Deepto Natok")
⏲ 46 minutes 8 seconds 👁 3.7M
_golapjan-124-124-mosharraf-karim-124-tania-brishty-124-sokal-ahmed-124-new-bangla-eid-natok-2022.webp "Rtv Drama")
⏲ 39 minutes 37 seconds 👁 1.3M
_cubs-panic-would39ve-run-wild-if-they-lost-to-white-sox.webp "The Cubs rallied from a 5-0 deficit to beat the White Sox, 7-6, on Tuesday at Wrigley Field.")
_come-from-ghana-124-eid-special-124-full-drama-124-mosharraf-karim-124-neelanjona-neela-124-bangla-natok-2023.webp "Rtv Drama")
⏲ 40 minutes 30 seconds 👁 3.2M
_124-kerani-akkass-124-mosharraf-karim-124-tania-bristy-124-bangla-new-natok-2023.jpg)
_harry-wild-season-3-episode-4.jpg)
_halka-pagla-124-full-drama-124-124-mosharraf-karim-124-tania-brishty-124-mehedi-rony.jpg)
_mission-shoshur-bari-124-124-eid-natok-124-mosharraf-karim-124-neelanjona-neela-124-natok-2023.jpg)
_babarbiriani-124-124-babar-biriani-124-tawsif-fazlur-rahman-babu-124-eid-natok-2024.jpg)
_golapjan-124-124-mosharraf-karim-124-tania-brishty-124-sokal-ahmed-124-new-bangla-eid-natok-2022.jpg)
_cubs-panic-would39ve-run-wild-if-they-lost-to-white-sox.jpg)
_come-from-ghana-124-eid-special-124-full-drama-124-mosharraf-karim-124-neelanjona-neela-124-bangla-natok-2023.jpg)
![[+]](/images/menu.gif){kind=small}