_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 bangladeshi চà§à¦¦à¦¾à¦šà§à¦¦à¦¿ 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
_matt-eberflus-is-now-the-favorite-to-win-nfl-coach-of-the-year.webp "Bettors are expecting the Bears to have a big season in 2024.")
![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 ]")
_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.")
_critrium-du-dauphin-2024-highlights-of-stage-8.webp "Relive the best moments of Stage 8 - Thônes / Plateau des Glières, where RODRIGUEZ Carlos won in front of JORGENSON Matteo and GEE Derek!<br/> <br/>General ranking after today's stage: <br/>1 - ROGLIC Primoz <br/>2 - JORGENSON Matteo <br/>3 - GEE Derek <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")
_pompeii-archaeologists-uncover-incredibly-rare-blue-room-with-stunning-frescoes-of-female-figures.webp "Experts believe the 8-square metre room can be interpreted as a shrine, or a space dedicated to ritual activities and the storage of sacred objects.")
⏲ 0:48 👁 559.7M
_watch-shocking-moment-man-and-woman-set-a10-speed-camera-on-fire.webp "Shocking footage has shown the moment a man and woman set fire to a speed camera along the A10.")
_man-pronounced-dead-following-stanningley-incident.webp "A man has been pronounced dead in hospital after armed police forced entry to a Stanningley home.")
![Fortunes Unveiled My Husband is a Big Shot Full Episode [Hot Drama 2024]](https://cdn7.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KHIc1oGSwGl0kpxqdI_csZF9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_fortunes-unveiled-my-husband-is-a-big-shot-full-episode-hot-drama-2024.webp "Fortunes Unveiled My Husband is a Big Shot Full Episode [Hot Drama 2024]")
_matt-eberflus-is-now-the-favorite-to-win-nfl-coach-of-the-year.jpg)
_the-double-life-of-a-billionaire-heiress-hot-drama.jpg)
_amber-rose-says-she39s-still-voting-for-donald-trump-after-felony-conviction.jpg)
_critrium-du-dauphin-2024-highlights-of-stage-8.jpg)
_pompeii-archaeologists-uncover-incredibly-rare-blue-room-with-stunning-frescoes-of-female-figures.jpg)
_watch-shocking-moment-man-and-woman-set-a10-speed-camera-on-fire.jpg)
_man-pronounced-dead-following-stanningley-incident.jpg)
_fortunes-unveiled-my-husband-is-a-big-shot-full-episode-hot-drama-2024.jpg)
![[+]](/images/menu.gif){kind=small}