_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 sunny leone à¦à¦° ম§ 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
_this-rechargeable-light-has-been-recalled.webp "The Consumer Product Safety Commission has issued a recall for rechargeable lights from Good Earth Lighting due to their potential to cause fires. Veuer’s Matt Hoffman reports.")
_pat-sajak-bids-farewell-to-wheel-of-fortune.webp "Pat Sajak Bids Farewell , to ‘Wheel of Fortune’.<br/>Sajak, who has hosted the popular <br/>game show for over 40 years, will say <br/>goodbye to 'Wheel of Fortune' on June 7.<br/>A preview of his final show <br/>and last words as host has been released.<br/>I have a few thanks and <br/>acknowledgements before I go. <br/>And I want to start with all of <br/>you watching out there. , Pat Sajak, via farewell message.<br/>It’s been an incredible privilege <br/>to be invited into millions of <br/>homes, night after night, year <br/>after year, decade after decade. , Pat Sajak, via farewell message.<br/>Sajak went on to say that he \")
_use-these-plant-hacks-to-improve-your-skills-amp-become-a-pro-gardener.webp "Use these plant hacks to improve your skills & become a pro gardener! from sunny leone à¦à¦° ম§")
_a-major-police-presence-on-staniforth-road-darnall-after-an-39assault39.webp "A major police presence on Staniforth Road, Darnall after an 'assault'")
_this-rechargeable-light-has-been-recalled.jpg)
_pat-sajak-bids-farewell-to-wheel-of-fortune.jpg)
_use-these-plant-hacks-to-improve-your-skills-amp-become-a-pro-gardener.jpg)
_a-major-police-presence-on-staniforth-road-darnall-after-an-39assault39.jpg)
![[+]](/images/menu.gif){kind=small}