_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 4x scope price 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
_trump39s-donation-website-overwhelmed-as-small-donors-rush-to-support-amid-guilty-verdict.webp "GOP Frontrunner Donald Trump's campaign donation website crashed briefly due to a surge in donations from small donors after he was found guilty on 34 felony counts related to his campaign fundraising in a criminal trial in New York. Trump is embarking on an aggressive fundraising schedule in the coming weeks, including events in California, Texas, and the Hamptons. A fundraiser is being planned by venture capitalists in San Francisco on June 6th, with ticket prices starting at $50,000. Trump plans a July rally and fundraiser at Madison Square Garden that could generate millions from ticket sales. Trump continues to rely on donor funds to pay massive legal bills from the various criminal cases he faces.")
⏲ 0:45 👁 490K
_ary-news-12-am-headlines-124-5th-june-2024-124-prime-time-headlines.webp "#imrankhan #pmshehbazsharif #islamabadhighcourt#headlines <br/><br/>-Contempt Case: Faisal Vawda submits reply in Supreme Court<br/><br/>-Good news for Pakistanis travelling to Saudi Arabia<br/><br/>-Foreign embassy official booked in policeman accident case in Islamabad<br/><br/>-Federal budget 2024-25 likely to be presented on June 12<br/><br/>-Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.")
_ary-news-8-pm-headlines-124-4th-june-2024-124-contempt-of-court-notice-case.webp "#supremecourt #faisalvawda #mustafakamal #headlines <br/><br/>-Contempt Case: Faisal Vawda submits reply in Supreme Court<br/><br/>-Good news for Pakistanis travelling to Saudi Arabia<br/><br/>-Foreign embassy official booked in policeman accident case in Islamabad<br/><br/>-Federal budget 2024-25 likely to be presented on June 12<br/><br/>-Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.")
_eu-voters-voice-their-hopes-and-fears-from-environment-and-agriculture-to-prices-and-patriotism.webp "EU voters voice their hopes and fears, from environment and agriculture to prices and patriotism<br/><br/>Hundreds of millions of European Union citizens will be able to vote on June 6-9 to choose the 720 members of the next European Parliament, which together with EU governments, it decides on laws that govern policies and the EU market.<br/><br/>A wide range of voters of different ages and backgrounds who spoke to Reuters in the weeks leading up to the election named the environment and climate change, the cost of living and poverty, and defense and security as their top concerns, as well as frustration with EU bureaucracy. <br/><br/><br/>Video by REUTERS<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/> <br/>Visit our website at https://www.manilatimes.net <br/><br/>Follow us: <br/>Facebook - https://tmt.ph/facebook <br/>Instagram - https://tmt.ph/instagram <br/>Twitter - https://tmt.ph/twitter <br/>DailyMotion - https://tmt.ph/dailymotion <br/> <br/>Subscribe to our Digital Edition - https://tmt.ph/digital <br/> <br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify <br/>Apple Podcasts - https://tmt.ph/applepodcasts <br/>Amazon Music - https://tmt.ph/amazonmusic <br/>Deezer: https://tmt.ph/deezer <br/>Tune In: https://tmt.ph/tunein<br/> <br/>#TheManilaTimes<br/>#tmtnews <br/>#europeanparliament <br/>#europeanunion <br/>#europe")
⏲ 4:4 👁 6.4M
_ary-news-11-pm-headlines-124-4th-june-2024-124-punjab-govt39s-big-announcement.webp "#cmpunjabmaryamnawaz #dastakapp #punjabgovt #headlines <br/><br/>-Contempt Case: Faisal Vawda submits reply in Supreme Court<br/><br/>-Good news for Pakistanis travelling to Saudi Arabia<br/><br/>-Foreign embassy official booked in policeman accident case in Islamabad<br/><br/>-Federal budget 2024-25 likely to be presented on June 12<br/><br/>-Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.")
_ary-news-3-am-bulletin-news-1st-june-2024-124-new-petrol-price-today-petrol-price-petrol-price.webp "#petroldieselprice #pmshehbazsharif #pakistaneconomy #headlines #imrankhan #pti <br/><br/>ARY News 3 AM Bulletin News 1st June 2024 | New Petrol Price - Today Petrol Price - Petrol Price<br/>")
⏲ 20:32 👁 60K
_european-gas-price-jumps-13-after-norwegian-outage.webp "CGTN Europe discussed this with Independent Energy Analyst Gaurav Sharma.")
_fighter-jet-f35b.webp "Like and follow me")
Related Video Searches
Back to Search
Search Videos
Recent Searches
×
(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!)
_trump39s-donation-website-overwhelmed-as-small-donors-rush-to-support-amid-guilty-verdict.jpg)
_ary-news-12-am-headlines-124-5th-june-2024-124-prime-time-headlines.jpg)
_ary-news-8-pm-headlines-124-4th-june-2024-124-contempt-of-court-notice-case.jpg)
_eu-voters-voice-their-hopes-and-fears-from-environment-and-agriculture-to-prices-and-patriotism.jpg)
_ary-news-11-pm-headlines-124-4th-june-2024-124-punjab-govt39s-big-announcement.jpg)
_ary-news-3-am-bulletin-news-1st-june-2024-124-new-petrol-price-today-petrol-price-petrol-price.jpg)
_european-gas-price-jumps-13-after-norwegian-outage.jpg)
_fighter-jet-f35b.jpg)
❮❯
1 / 10
2 / 10
Play 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!)
3 / 10
4 / 10
5 / 10
6 / 10
7 / 10
8 / 10
9 / 10
10 / 10
![[+]](/images/menu.gif){kind=small}