_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 videos 3 vargin 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
_twice-dahyun-to-filipino-onces-92.webp "#TWICE Dahyun, Tzuyu, Jihyo, and Sana show off their Tagalog speaking skills to Filipino ONCEs. <br/><br/>Video: Nikko Tuazon<br/><br/>Subscribe to our YouTube channel! https://www.youtube.com/@pep_tv<br/><br/>Know the latest in showbiz at http://www.pep.ph<br/><br/>Follow us! <br/>Instagram: https://www.instagram.com/pepalerts/ <br/>Facebook: https://www.facebook.com/PEPalerts <br/>Twitter: https://twitter.com/pepalerts<br/><br/>Visit our DailyMotion channel! https://www.dailymotion.com/PEPalerts<br/><br/>Join us on Viber: https://bit.ly/PEPonViber<br/><br/>Watch us on Kumu: pep.ph")
_monica-acuno-bb-pilipinas-kalayaan-laguna-bbpilipinas2024-pep-shorts.webp "Binibini 24 Monica Acuno of Kalayaan, Laguna at the Binibining Pilipinas 2024 press presentation.<br/><br/>Video: FK Bravo<br/><br/>Subscribe to our YouTube channel! https://www.youtube.com/@pep_tv<br/><br/>Know the latest in showbiz at http://www.pep.ph<br/><br/>Follow us! <br/>Instagram: https://www.instagram.com/pepalerts/ <br/>Facebook: https://www.facebook.com/PEPalerts <br/>Twitter: https://twitter.com/pepalerts<br/><br/>Visit our DailyMotion channel! https://www.dailymotion.com/PEPalerts<br/><br/>Join us on Viber: https://bit.ly/PEPonViber<br/><br/>Watch us on Kumu: pep.ph")
_this-is-foolishness-kweisi-mfume-dismisses-allegations-that-fauci-amp-cia-conspired-on-covid-19.webp "During a House Select Committee on the Coronavirus hearing on Monday, Rep. Kweisi Mfume (D-MD) slammed attacks against Dr. Anthony Fauci about his leadership during the COVID-19 pandemic.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
⏲ 5:49 👁 35.7M
_weekly-video-shops-from-our-childhoods-during-the-200039s-in-suffolk.webp "Remembering some of our favourite shops from the 2000's in Bury St Edmunds. <br/><br/>Picture credits: Roger Arbon, Google Maps and Shakeaway Bury St Edmunds.")
_roella-frias-bb-pilipinas-calumpit-bulacan-bbpilipinas2024-pep-shorts.webp "Binibini 13 Roella Frias of Calumpit, Bulacan at the Binibining Pilipinas 2024 press presentation.<br/><br/>Video: FK Bravo<br/><br/>Subscribe to our YouTube channel! https://www.youtube.com/@pep_tv<br/><br/>Know the latest in showbiz at http://www.pep.ph<br/><br/>Follow us! <br/>Instagram: https://www.instagram.com/pepalerts/ <br/>Facebook: https://www.facebook.com/PEPalerts <br/>Twitter: https://twitter.com/pepalerts<br/><br/>Visit our DailyMotion channel! https://www.dailymotion.com/PEPalerts<br/><br/>Join us on Viber: https://bit.ly/PEPonViber<br/><br/>Watch us on Kumu: pep.ph")
_opec-extends-oil-production-cuts-raising-concerns-of-higher-global-prices-here39s-why-that-could-spell-bad-news-for-the.webp "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.")
_fortunes-unveiled-my-husband-is-a-big-shot.webp "Fortunes Unveiled My Husband is a Big Shot")
_food-imposters-the-lies-we-eat.webp "Hey there, foodies! You won't believe how many foods we eat are total imposters. Take crab sticks, for example – they’re actually made from white fish and flavoring, not crab. And that \")
_twice-dahyun-to-filipino-onces-92.jpg)
_monica-acuno-bb-pilipinas-kalayaan-laguna-bbpilipinas2024-pep-shorts.jpg)
_this-is-foolishness-kweisi-mfume-dismisses-allegations-that-fauci-amp-cia-conspired-on-covid-19.jpg)
_weekly-video-shops-from-our-childhoods-during-the-200039s-in-suffolk.jpg)
_roella-frias-bb-pilipinas-calumpit-bulacan-bbpilipinas2024-pep-shorts.jpg)
_fortunes-unveiled-my-husband-is-a-big-shot.jpg)
_food-imposters-the-lies-we-eat.jpg)
![[+]](/images/menu.gif){kind=small}