_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 à¦à§à¦¯à¦¼à§à¦² video com 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
_blooms-strobe-animated-sculptures-invented-by-john-edmark.webp "Blooms are 3-D printed sculptures designed to animate when spun under a strobe light. Unlike a 3D zoetrope, which animates a sequence of small changes to objects, a bloom animates as a single self-contained sculpture. The bloom’s animation effect is achieved by progressive rotations of the golden ratio, phi (ϕ), the same ratio that nature employs to generate the spiral patterns we see in pinecones and sunflowers. The rotational speed and strobe rate of the bloom are synchronized so that one f")
_1.webp "সীমান্ত মাল্টিমেডিয়া")
⏲ 2 minutes 32 seconds 👁 230
_.webp "Lan Dau")
⏲ 3 minutes 20 seconds 👁 233
_shygirl-we-love-green.webp "Shygirl à We Love Green from à¦à§à¦¯à¦¼à§à¦² video com")
_.webp "кармен 2")
⏲ 1 minute 35 seconds 👁 11K
_critrium-du-dauphin-2024-highlights-of-stage-6.webp "Relive the best moments of Stage 6 - Hauterives / Le Collet d'Allevard, where ROGLIC Primoz won in front of CICCONE Giulio and VLASOV Aleksandr!<br/> <br/>General ranking after today's stage: <br/>1 - ROGLIC Primoz <br/>2 - EVENEPOEL Remco <br/>3 - JORGENSON Matteo <br/> <br/>More Information on: <br/> <br/>www.criterium-du-dauphine.fr <br/>www.facebook.com/CriteriumDuDauphine <br/>www.twitter.com/dauphine <br/>www.instagram.com/criteriumdudauphine <br/> <br/>© Amaury Sport Organisation - www.aso.fr")
_.webp "Meenal K")
⏲ 42 seconds 👁 113
_1.webp "S K SAPUNIYA")
⏲ 4 minutes 34 seconds 👁 635
_blooms-strobe-animated-sculptures-invented-by-john-edmark.jpg)
_1.jpg)
_.jpg)
_shygirl-we-love-green.jpg)
_.jpg)
_critrium-du-dauphin-2024-highlights-of-stage-6.jpg)
_.jpg)
_1.jpg)
![[+]](/images/menu.gif){kind=small}