_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 chi mayer angela 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
_mahalakshmi-mantra-108-times-om-mahalakshmai-namo-namah-anuradha-paudwal-i-audio-song.webp "T-Series Bhakti Sagar")
⏲ 26 minutes 36 seconds 👁 8M
_tv-patrol-weekend-playback-124-june-9-2024.webp "ABS-CBN News")
_suspect-wanted-for-vandalism-and-breaking-into-care-in-mt-clemens.webp "The Macomb County Sherriff received multiple calls came in from May 29 to June 2 about vandalism and thefts from vehicles on Cass Avenue and Wilson Boulevard, between North Avenue and Groesbeck Highway. They're searching for the suspect, caught in video.")
_a-long-journey-to-cancun-mexico-extra-flight-attendant-124-flight-attendant-life.webp "Michelle Angela")
⏲ 7 minutes 23 seconds 👁 46
_what-are-high-yield-savings-accounts.webp "A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual percentage yield, is the amount of interest earned on an account in one year. The APY for high-yield savings accounts can be anywhere from 3% to over 5% — much higher than that of a traditional account. <br/><br/>Savings rates have been on the rise following a series of interest rate hikes by the Federal Reserve, as the central bank has sought to reduce inflation. The Fed opted to raise rates at the last meeting, raising the federal funds rate, a key bank lending rate, to a target range of 5.25%-5.50%. Experts believe that the Fed may raise rates again at the next meeting. Higher interest rates could potentially increase savings rates further, so many recommend locking in rates now while they're on the rise. Over time, rates will decrease as inflation cools.<br/><br/>Since the rate of return on high yield savings accounts is better than that of traditional savings accounts, you'll be able to accrue more cash over time. You can use our tool, in partnership with Bankrate, to compare savings rates today.")
_lilet-matias-attorney-at-law-trixies-mother-doubts-her-story-full-episode-65-part-292-3.webp "Aired (June 4, 2024): Kahit si Patricia (Sheryl Cruz) ay may pangamba sa kuwento ng anak niyang si Trixie (Zonia Mejia). #GMANetwork #GMADrama #Kapuso <br/><br/><br/>Watch the latest episodes of 'Lilet Matias, Attorney-At-Law’ weekdays at 3:20 PM on GMA Afternoon Prime, starring Jo Berry, Rita Avila, and Maricel Laxa-Pangilinan #LiletMatias")
⏲ 8:53 👁 4.9M
_study-warns-excessive-exercise-may-suppress-immune-system.webp "New research warns that excessive vigorous exercise might suppress your immune system, particularly for those in physically demanding jobs like firefighters and athletes. Veuer’s Maria Mercedes Galuppo has the story.")
_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 👁 10.1M
_mahalakshmi-mantra-108-times-om-mahalakshmai-namo-namah-anuradha-paudwal-i-audio-song.jpg)
_tv-patrol-weekend-playback-124-june-9-2024.jpg)
_suspect-wanted-for-vandalism-and-breaking-into-care-in-mt-clemens.jpg)
_a-long-journey-to-cancun-mexico-extra-flight-attendant-124-flight-attendant-life.jpg)
_what-are-high-yield-savings-accounts.jpg)
_lilet-matias-attorney-at-law-trixies-mother-doubts-her-story-full-episode-65-part-292-3.jpg)
_study-warns-excessive-exercise-may-suppress-immune-system.jpg)
_39the-voice39-is-bringing-back-gwen-stefani-plus-two-new-coaches-that-may-address-some-fan-criticism.jpg)
![[+]](/images/menu.gif){kind=small}