_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 anegan by uploaded 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
_anegan-tamil-movie-review-dhanush-tamil-talkies.webp "Tamil Talkies")
_top-20-movies-everyone-should-see-at-least-once.webp "Stop what you're doing and watch these movies immediately! For this list, we’ll be ranking the big ones, the films that are considered classics by many, and those that should probably be part of a balanced cinematic diet at least once during your lifetime.")
_thodu-vaanam-anegan-harris-jayaraj.webp "Golden Voice Of Hariharan")
_anegan-trailer-revised-124-dhanush-124-harris-jayaraj-124-k-v-anand.webp "Sony Music India")
_anegan-making-video-124-dhanush-amyra-dastur-k-v-anand-harris.webp "Sony Music India")
_anegan-aathadi-aathadi-lyric-124-dhanush-124-harris-jayaraj.webp "SonyMusicSouthVEVO")
_russia-threatens-to-arm-countries-against-western-nations-in-39asymmetric39-response-to-ukraine-weapons-aid-says-wester.webp "Putin warns that Russia could provide weapons to countries that could use them to strike targets in Western countries in response to the West supplying long-range weapons to Ukraine. Putin criticized Western countries like the US and Germany for telling Ukraine it could use the supplied weapons to hit targets inside Russia. Putin said such actions by the West could \")
_indian-2-kadharalz-lyric-video-124-kamal-haasan-124-shankar-124-anirudh-124-subaskaran-124-lyca.webp "Sony Music South")
⏲ 4 minutes 4 seconds 👁 931.2K
_anegan-tamil-movie-review-dhanush-tamil-talkies.jpg)
_top-20-movies-everyone-should-see-at-least-once.jpg)
_thodu-vaanam-anegan-harris-jayaraj.jpg)
_anegan-trailer-revised-124-dhanush-124-harris-jayaraj-124-k-v-anand.jpg)
_anegan-making-video-124-dhanush-amyra-dastur-k-v-anand-harris.jpg)
_anegan-aathadi-aathadi-lyric-124-dhanush-124-harris-jayaraj.jpg)
_russia-threatens-to-arm-countries-against-western-nations-in-39asymmetric39-response-to-ukraine-weapons-aid-says-wester.jpg)
_indian-2-kadharalz-lyric-video-124-kamal-haasan-124-shankar-124-anirudh-124-subaskaran-124-lyca.jpg)
![[+]](/images/menu.gif){kind=small}