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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+ 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

⏲ 0:38 👁 14.3M

CNBC International

What is GDP? | CNBC Explains

⏲ 4 minutes 11 seconds 👁 727.7K

Think Econ

How to Calculate Real GDP | Think Econ

⏲ 3 minutes 36 seconds 👁 51.7K

Consumer champion Martin Lewis pushed Cabinet minister Claire Coutinho to apologise live on TV over the Tories claim of a £2,000 tax hike on households if Labour wins the election.The Money Saving Expert challenged the Energy Security Secretary about the tax allegation when she appeared on ITV’s Good Morning Britain.In the first TV debate on Tuesday night, Rishi Sunak repeatedly accused Sir Keir Starmer of having an economic plan which would mean households in Britain would see their tax bills rise by £2,000.Only after being probed repeatedly about this claim did the Labour leader eventually dismiss it as “absolute garbage”.The figures for this alleged £38 billion tax hit on the country were, at least partially, based on calculations done by civil servants at the Treasury, though reportedly at the request of Tory special advisers.Labour has dismissed the Tories’ publication on its tax plans as a “lie,” saying it includes policies which it is not planning to bring in, or not on the scale proposed.Labour this morning put out a letter, sent from the Treasury’s top civil servant James Bowler to Darren Jones, the shadow Chief Secretary to the Treasury, about the Tories’ claims about Labour’s tax plans.

Martin Lewis pushes Cabinet minister Claire Coutinho to apologise on live TV for Labour £2,000 tax hike claim

⏲ 4:31 👁 14.2M

Jacob Clifford

GDP and the Circular Flow- Macro Topic 2.1

⏲ 9 minutes 25 seconds 👁 242.3K

Think Econ

Learn How to Calculate GDP in Under 5 Minutes | Think Econ

⏲ 4 minutes 18 seconds 👁 3.2K

The GDP figure is the weakest result in three years - but some economists say it's going to have slow even further before interest rates start coming down here.

GDP figures show economic growth has slowed to a near standstill

⏲ 1:47 👁 915K

Mr. Sinn

GDP Calculation Method

⏲ 7 minutes 18 seconds 👁 23.9K

Professor Dave Explains

Gross Domestic Product (GDP)

⏲ 7 minutes 👁 54.7K

Assistant Minister for Treasury Andrew Leigh says Australia needs to put greater emphasis on productivity to curb slowing GDP growth. The economy grew just zero-point-one percent for the first quarter of 2024.

Andrew Leigh calls for greater focus on productivity

⏲ 4:42 👁 90K

Khan Academy

Expenditure approach to calculating GDP examples | AP Macroeconomics | Khan Academy

⏲ 8 minutes 6 seconds 👁 49K

Khan Academy

Real GDP and nominal GDP | GDP: Measuring national income | Macroeconomics | Khan Academy

⏲ 8 minutes 4 seconds 👁 433.8K

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