_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 stock price vtnr 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
_squirrel-teeth-are-orange-and-100-animal-facts-you39ll-google-asap.webp "Animation is created by Bright Side.<br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/<br/> <br/>Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/> <br/>Subscribe to Bright Side: https://goo.gl/rQTJZz<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook: https://www.facebook.com/brightside<br/>Instagram: https://www.instagram.com/brightside.official<br/>TikTok: https://www.tiktok.com/@brightside.official?lang=en<br/> <br/>Stock materials (photos, footages and other):<br/>https://www.depositphotos.com<br/>https://www.shutterstock.com<br/>https://www.eastnews.ru<br/>----------------------------------------------------------------------------------------<br/> For more videos and articles visit:<br/>http://www.brightside.me<br/> ----------------------------------------------------------------------------------------<br/>This video is made for entertainment purposes. We do not make any warranties about the completeness, safety and reliability. Any action you take upon the information in this video is strictly at your own risk, and we will not be liable for any damages or losses. It is the viewer's responsibility to use judgement, care and precaution if you plan to replicate.")
_90-random-facts-to-level-up-your-conversations.webp "Animation is created by Bright Side.<br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/<br/> <br/>Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/> <br/>Subscribe to Bright Side: https://goo.gl/rQTJZz<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook: https://www.facebook.com/brightside<br/>Instagram: https://www.instagram.com/brightside.official<br/>TikTok: https://www.tiktok.com/@brightside.official?lang=en<br/> <br/>Stock materials (photos, footages and other):<br/>https://www.depositphotos.com<br/>https://www.shutterstock.com<br/>https://www.eastnews.ru<br/>----------------------------------------------------------------------------------------<br/> For more videos and articles visit:<br/>http://www.brightside.me<br/> ----------------------------------------------------------------------------------------<br/>This video is made for entertainment purposes. We do not make any warranties about the completeness, safety and reliability. Any action you take upon the information in this video is strictly at your own risk, and we will not be liable for any damages or losses. It is the viewer's responsibility to use judgement, care and precaution if you plan to replicate.")
_nvidia-crosses-363t-market-cap-ai-darling-joins-ranks-of-apple-microsoft-closes-at-all-time-high.webp "Nvidia, NVDA, reached $3 trillion in market cap Wednesday, joining Apple and Microsoft as the third company to achieve the milestone. Nvidia is also the second-largest holding in the S&P 500.")
⏲ 0:45 👁 1.2M
_discoveries-that-could-make-us-rewrite-history.webp "Hey, history buffs and curious minds alike! Buckle up for an eye-opening adventure into the world of groundbreaking discoveries that might just rewrite the history books. Ever heard of a 1920s-era Champion spark plug posing as an artifact? Intrigued? Well, that's just the tip of the iceberg! There are many similar items, those artifacts that are out of place and time. Don't miss out on the chance to be part of this journey—it's history in the making!#brightside <br/><br/>Animation is created by Bright Side. <br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/ <br/><br/>Listen to Bright Side on: <br/>Spotify - https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/>Apple Podcast - https://podcasts.apple.com/podcast/idhttps-podcasts-apple-com-podcast-bright-side/id1554898078<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook - https://www.facebook.com/brightside/<br/>Instagram - https://www.instagram.com/brightside.official/<br/>Tik Tok - https://www.tiktok.com/@brightside.official?lang=en<br/>Snapchat - https://www.snapchat.com/p/c6a1e38a-bff1-4a40-9731-2c8234ccb19f/1866144599336960<br/><br/>Stock materials (photos, footages and other):<br/> https://www.depositphotos.com <br/>https://www.shutterstock.com <br/>https://www.eastnews.ru <br/>----------------------------------------------------------------------------------------<br/>For more videos and articles visit: http://www.brightside.me")
_robinhood-makes-largest-acquisition-yet-buys-bitstamp-cryptocurrency-exchange-for-36200-million.webp "Robinhood has agreed to acquire cryptocurrency exchange Bitstamp for $200 million in cash, its largest acquisition to date. Bitstamp was founded in 2011 and holds over 50 licenses and registrations globally, which will help Robinhood expand internationally. Bitstamp will power the growth of Robinhood Crypto and become its first institutional business, offering over 85 tradable assets, including staking and lending products. The acquisition aims to accelerate Robinhood's global expansion plans, especially in Europe and Asia, where Bitstamp is popular. Robinhood's stock has risen nearly 70% this year, boosted by a resurgence in retail trading and growing cryptocurrency adoption.")
⏲ 0:44 👁 1.5M
_39roaring-kitty39s39-livestream-announcement-sends-gamestop-shares-soaring-47.webp "GameStop shares surged more than 47% on Thursday after Keith Gill, aka \")
_bitcoin-spot-etfs-on-15-day-inflow-streak-as-wisconsin-starts-buying-bitcoin.webp "Bitcoin spot ETFs recorded a net inflow of $105 million on June 3, marking 15 consecutive days of inflows. The Wisconsin State Investment Board added two spot Bitcoin ETFs valued at $164 million to its portfolio in Q1 2024.")
_lok-sabha-election-results-2024-124-pm-modi-resigns-prime-minister-again-on-june-8.webp "பிரதமர் நரேந்திர மோடி ராஜினாமா! ஜனாதிபதியிடம் ராஜினாமா கடிதம் கொடுத்தார்! <br/> <br/>Modi 3.O: PM Modi to take oath on evening of June 08, say sources | PM Modi submits resignation to President after cabinet recommends LS dissolution <br/> <br/> <br/>#LokSabhaElectionResults2024 <br/>#NDA <br/>#Modi <br/>#Resignation <br/>#ChandrababuNaidu <br/>#NitishKumar <br/><br/>~PR.54~ED.72~HT.74~")
_squirrel-teeth-are-orange-and-100-animal-facts-you39ll-google-asap.jpg)
_90-random-facts-to-level-up-your-conversations.jpg)
_nvidia-crosses-363t-market-cap-ai-darling-joins-ranks-of-apple-microsoft-closes-at-all-time-high.jpg)
_discoveries-that-could-make-us-rewrite-history.jpg)
_robinhood-makes-largest-acquisition-yet-buys-bitstamp-cryptocurrency-exchange-for-36200-million.jpg)
_39roaring-kitty39s39-livestream-announcement-sends-gamestop-shares-soaring-47.jpg)
_bitcoin-spot-etfs-on-15-day-inflow-streak-as-wisconsin-starts-buying-bitcoin.jpg)
_lok-sabha-election-results-2024-124-pm-modi-resigns-prime-minister-again-on-june-8.jpg)
![[+]](/images/menu.gif){kind=small}