_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 2matrplankton inflation 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
_d-day-to-get-real-money-approaching-wake-up-before-its-too-late-ted-speaks-out.webp "ITM TRADING, INC.")
⏲ 36 minutes 👁 12.9K
_are-shoppers-becoming-less-brand-loyal-amid-the-cost-of-living-crisis.webp "As food prices rise by around 24% on average, customers have changed their shopping habits to keep up with increased costs.")
_california-collapse-rubio39s-bankrupt-people-can39t-afford-dining-out-banks-loan-digital-money.webp "BULL BOOM - BEAR BUST")
⏲ 12 minutes 2 seconds 👁 1.8K
_quiet-vacationing-trend-more-employees-are-risking-this-in-2024-be-careful.webp "ClearValue Tax")
⏲ 9 minutes 32 seconds 👁 87K
_john-adams-will-expose-the-truth-for-all-to-see.webp "In the Interests of the People")
_president-nayib-bukele-seeking-gods-wisdom-taking-down-ms-13-and-his-advice-to-donald-trump.webp "Tucker Carlson")
⏲ 1 hour 5 minutes 4 seconds 👁 118.6K
_paramount-outlines-contingency-plan-at-shareholder-meeting-amidst-uncertain-sale-prospects.webp "Paramount leadership outlined plans at its annual shareholder meeting if a potential sale of the company does not occur. The Office of the CEO, comprised of three executives, proposed $500 million in cost cuts, divesting non-core assets, and lowering debt. Paramount has agreed to terms for a merger with Skydance Media and investment firms, pending approval from controlling shareholder Shari Redstone. The presented plan focuses on growing content and franchises while cutting spending and lowering Paramount's junk credit rating debt level.")
⏲ 0:36 👁 7.4M
_hikaru-streaks-27-27-for-kramnik39s-procedure.webp "GMHikaru")
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!)
_d-day-to-get-real-money-approaching-wake-up-before-its-too-late-ted-speaks-out.jpg)
_are-shoppers-becoming-less-brand-loyal-amid-the-cost-of-living-crisis.jpg)
_california-collapse-rubio39s-bankrupt-people-can39t-afford-dining-out-banks-loan-digital-money.jpg)
_quiet-vacationing-trend-more-employees-are-risking-this-in-2024-be-careful.jpg)
_john-adams-will-expose-the-truth-for-all-to-see.jpg)
_president-nayib-bukele-seeking-gods-wisdom-taking-down-ms-13-and-his-advice-to-donald-trump.jpg)
_paramount-outlines-contingency-plan-at-shareholder-meeting-amidst-uncertain-sale-prospects.jpg)
_hikaru-streaks-27-27-for-kramnik39s-procedure.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}