_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 www চà§Â¦ 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
_football-transfer-news-june-5-2024.webp "Arsenal have launched a move for Viktor Tsyhankov as Mikel Arteta looks to boost their attacking ranks early this summer. The Gunners may also have joined Manchester United in the race for Joao Neves, though face major competition from Chelsea in the battle for Benjamin Sesko.")
_leeds-united-how-youth-could-play-a-part-next-season.webp "Leeds United: How youth could play a part next season")
_met-office-morning-weather-forecast-0692-0692-24-showers-northwest-clearer-east.webp "A largely dry day for most of the UK. Cool and breezy northwestern areas, with showers and some thunderstorms here. – This is the Met Office UK Weather forecast for the morning of 06/06/24. Bringing you today’s weather forecast Annie Shuttleworth.")
_parrot-steals-the-show-with-hilarious-dances-moves-during-parade.webp "A parrot stole the show at a theme park parade after its dance moves went viral. <br/><br/>Funny video shows the blue-eyed cockatoo standing in the middle of performers at Happy Valley theme park in Shenzhen, China. <br/><br/>As the music play, the white bird can be seen bouncing along to the beat of the music -to the delight of spectators. <br/><br/>The video was filmed on May 30.")
_tim-burton-says-it-was-like-michael-keaton-was-92.webp "Michael Keaton left his co-stars and director stunned when he jumped back into playing Beetlejuice like it was yesterday.")
_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.")
_trisha-paytas-gives-birth-to-second-baby-daughter-elvis.webp "Influencer Trisha Paytas has welcomed her second daughter, Elvis, into the world, delighting her fans who have followed her pregnancy journey since she announced it in February 2022 with ultrasound images and positive tests. Paytas, who thoroughly enjoyed her first pregnancy, gave birth to her first daughter, Malibu Barbie, in September 2022, making her the center of her universe. Fans were thrilled when she revealed a new ultrasound image, announcing a second baby due in May. Despite a slightly late arrival, baby Elvis was born, with Paytas sharing the joyous news on Instagram on June 4th, prompting an outpouring of well-wishes and reflections on her past struggles with fertility.")
_fortunes-unveiled-my-husband-is-a-big-shot.webp "Fortunes Unveiled My Husband is a Big Shot")
_football-transfer-news-june-5-2024.jpg)
_leeds-united-how-youth-could-play-a-part-next-season.jpg)
_met-office-morning-weather-forecast-0692-0692-24-showers-northwest-clearer-east.jpg)
_parrot-steals-the-show-with-hilarious-dances-moves-during-parade.jpg)
_tim-burton-says-it-was-like-michael-keaton-was-92.jpg)
_trisha-paytas-gives-birth-to-second-baby-daughter-elvis.jpg)
_fortunes-unveiled-my-husband-is-a-big-shot.jpg)
![[+]](/images/menu.gif){kind=small}