_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 মাগি তি¦ 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
_peppa-pig-try-not-to-laugh.webp "Mega YTP")
_not-the-momma.webp "Chris Polson")
_amber-rose-says-she39s-still-voting-for-donald-trump-after-felony-conviction.webp "Amber Rose says a little thing like a felony is not going to stop her from voting for Donald Trump for president ... and she thinks it will actually propel him to the White House.")
_gegagedigedagedago.webp "MegaBen")
![The Double Life of a Billionaire Heiress [ Hot Drama ]](https://cdn4.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KHwAAAQSwHQMHGwEHFUybGv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_the-double-life-of-a-billionaire-heiress-hot-drama.webp "The Double Life of a Billionaire Heiress [ Hot Drama ]")
_hamood-habibi-but-it39s-360-degree-video.webp "Weirdo3D 360 animation")
_abc-song-with-balloons-124-cocomelon-nursery-rhymes-amp-kids-songs.webp "Cocomelon - Nursery Rhymes")
_venus-et-fleur-real-roses-that-last-a-year.webp "Venus ET Fleur® designs bespoke, customizable arrangements filled with nReal Roses That Last A Year®. With our original Eternity® Roses, we create a luxurious experience that makes an everlasting impression through classic, innovative arrangements. Our mission is to elevate the gift-giving experience by curating unique Eternity Rose collections that are the epitome of luxury and beauty. Devoted to sourcing only the most beautiful, opulent, high-quality flowers on the globe our roses are grown")
_peppa-pig-try-not-to-laugh.jpg)
_not-the-momma.jpg)
_amber-rose-says-she39s-still-voting-for-donald-trump-after-felony-conviction.jpg)
_gegagedigedagedago.jpg)
_the-double-life-of-a-billionaire-heiress-hot-drama.jpg)
_hamood-habibi-but-it39s-360-degree-video.jpg)
_abc-song-with-balloons-124-cocomelon-nursery-rhymes-amp-kids-songs.jpg)
_venus-et-fleur-real-roses-that-last-a-year.jpg)
![[+]](/images/menu.gif){kind=small}