_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 transfer pricing pdf 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
_gerywn-price-backs-world-championship-darts-potential-move-to-saudi-arabia-for-future-tournaments.webp "As the world of darts is continuing to look for new ways to increase the eyes on the sport, with the idea of Saudi Arabian funded venues and tournaments being posed by PDC’s CEO Barry Hearn, Welshman Gerwyn Price had his say, and it makes for an interesting story.")
⏲ 1:0 👁 10.5M
_glitch-that-caused-warren-buffett39s-berkshire-hathaway-shares-to-drop-over-99-fixed-says-nyse-but-some-aren39t-buying-t.webp "A technical glitch caused Warren Buffett's Berkshire Hathaway shares to plummet by over 99% on Monday. The New York Stock Exchange has stated that the issue has been resolved. However, some market participants remain skeptical, suggesting that it \")
_khabar-meher-bokhari-kay-saath-124-ary-news-124-5th-june-2024.webp "#Khabar #PMShehbazSharif #FinanceMinister #AonAbbasBuppi #imrankhan #PTI #supremecourt #justiceatharminallah #India #LokSabhaElections2024 #NarendraModi #RahulGandhi #IndiaElection2024 #meherbukhari #khabar <br/><br/>(Current Affairs)<br/><br/>Host:<br/>- Meher Bokhari<br/><br/>Guests:<br/>- Senator Aon Abbas Buppi PTI<br/>- Senator Mushahid Hussain Sayed (Politician)<br/><br/>How controversy around petrol price unfolded? - Aon Abbas Gives Inside News<br/><br/>Justice Athar Issues Dissenting Note on Live Telecast of NAB Amendment Case,Meher Bukhari's Analysis<br/><br/>Khabar - Modi set to take oath for the third time as allies pledge support - Meher Bukhari's Report<br/><br/>Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.")
_dell-technologies-surpasses-expectations-boosts-full-year-revenue-guidance-as-ai-optimized-server-orders-drive-growth.webp "Dell Technologies exceeded analysts' expectations for fiscal first-quarter revenue and earnings and raised its full-year revenue guidance. Dell's AI-optimized server orders increased significantly but the company's gross margins declined due to competitive pricing and a higher mix of AI servers. Dell's AI server backlog is primarily made up of orders for Nvidia-based servers as the company works through supply chain issues. The backlog also includes large cloud customers. Extended trading saw Dell's stock price drop over 18% following the earnings call.")
_gerywn-price-backs-world-championship-darts-potential-move-to-saudi-arabia-for-future-tournaments.jpg)
_glitch-that-caused-warren-buffett39s-berkshire-hathaway-shares-to-drop-over-99-fixed-says-nyse-but-some-aren39t-buying-t.jpg)
_khabar-meher-bokhari-kay-saath-124-ary-news-124-5th-june-2024.jpg)
_dell-technologies-surpasses-expectations-boosts-full-year-revenue-guidance-as-ai-optimized-server-orders-drive-growth.jpg)
![[+]](/images/menu.gif){kind=small}