_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 carlo demand 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
_ewtn-on-demand-october-2023i-am-with-you-carlo-acutis.webp "EWTN")
_mum-demands-improved-safety-measures-at-park-near-clifftop.webp "Mum demands improved safety measures at park near clifftop from carlo demand")
_episode-3-probabilistic-forecasting-using-monte-carlo-simulation.webp "Drunk Agile")
_monte-carlo-simulations-run-10000-simulations-at-once.webp "BI Excel")
_a-simple-solution-for-really-hard-problems-monte-carlo-simulation.webp "RiskByNumbers")
_mechanic-rates-and-slates-popular-bike-brands.webp "Cade Media Extra")
_behind-the-scenes-of-seabrook-crisps39-12m-factory-extension-in-bradford.webp "The existing Seabrook Crisps factory, which produces 2,000 bags of crisps a minute, is at capacity and is currently in operation for 24 hours a day, six days a week to meet demand. The new 25,000 sq ft extension, which is due to open in September, will enable the company to produce an extra 100 tonnes of crisps a week on top of the 240 tonnes it already makes.")
_the-life-of-carlo-acutis-the-9234the-apostle-of-the-eucharist9234-amp-first-millenial-blessed.webp "EWTN")
⏲ 4 minutes 35 seconds 👁 43.9K
_ewtn-on-demand-october-2023i-am-with-you-carlo-acutis.jpg)
_mum-demands-improved-safety-measures-at-park-near-clifftop.jpg)
_episode-3-probabilistic-forecasting-using-monte-carlo-simulation.jpg)
_monte-carlo-simulations-run-10000-simulations-at-once.jpg)
_a-simple-solution-for-really-hard-problems-monte-carlo-simulation.jpg)
_mechanic-rates-and-slates-popular-bike-brands.jpg)
_behind-the-scenes-of-seabrook-crisps39-12m-factory-extension-in-bradford.jpg)
_the-life-of-carlo-acutis-the-9234the-apostle-of-the-eucharist9234-amp-first-millenial-blessed.jpg)
![[+]](/images/menu.gif){kind=small}