_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 habs ep 2 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
_throne-of-seal-ep-110-sub-indo.webp "Throne Of Seal Ep 110 Sub Indo from habs ep 2")
_panchayat-season-3-ep-1-to-3.webp "Like and follow guys")
_the-atypical-family-ep-10-eng-sub.webp "The Atypical Family EP 10 ENG SUB")
![Fortunes Unveiled My Husband is a Big Shot [Hot Drama 2024]](https://cdn9.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KHREypGSwGzEKozWBIx9Epl9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_fortunes-unveiled-my-husband-is-a-big-shot-hot-drama-2024.webp "Fortunes Unveiled My Husband is a Big Shot [Hot Drama 2024]")
_high-school-return-of-a-gangster-2024-ep-1-eng-sub.webp "High School Return of a Gangster (2024) Ep.1 Eng Sub from habs ep 2")
_love-island-2024-s11-ep-1.webp "Love Island (2024) S11 EP 1")
_laughter-chefs-2nd-june-2024-ep-2.webp "Laughter Chefs 2nd June 2024 EP 2")
_dr-pepper-surpasses-pepsi-for-2-spot-in-the-u-s-soda-market.webp "TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and how Dr. Pepper surpassed Pepsi in the soda market.")
_throne-of-seal-ep-110-sub-indo.jpg)
_panchayat-season-3-ep-1-to-3.jpg)
_the-atypical-family-ep-10-eng-sub.jpg)
_fortunes-unveiled-my-husband-is-a-big-shot-hot-drama-2024.jpg)
_high-school-return-of-a-gangster-2024-ep-1-eng-sub.jpg)
_love-island-2024-s11-ep-1.jpg)
_laughter-chefs-2nd-june-2024-ep-2.jpg)
_dr-pepper-surpasses-pepsi-for-2-spot-in-the-u-s-soda-market.jpg)
![[+]](/images/menu.gif){kind=small}