_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 bangla video à¦à¦¾à¦¬à¦¿ কে বিছানায় শৠয়ে চৠদা 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
_39the-voice39-is-bringing-back-gwen-stefani-plus-two-new-coaches-that-may-address-some-fan-criticism.webp "Blake Shelton may not be returning to \")
⏲ 1:9 👁 100.9M
_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.")
_just-in-marjorie-taylor-greene-introduces-amendment-to-block-funding-for-nato-and-ukraine.webp "During debate on the House floor, Rep. Marjorie Taylor Greene (R-GA) ripped into US funding for NATO and Ukraine, and introduced an amendment to strip funding from NATO's Security Investment Program<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
⏲ 2:17 👁 82.8M
_biden-labels-trump-39convicted-felon39-and-39clearly-unhinged39-at-fundraiser-39something-snapped-in-him39-after-2020.webp "President Joe Biden has launched a scathing attack on his predecessor, Donald Trump, labeling him a “convicted felon” and suggesting that “something snapped” in him after his 2020 election loss. Biden made these comments at a fundraiser in Greenwich, Connecticut, on Monday, reported The Hill. The President warned that Trump’s threat would be even greater in a second term and accused him of being “clearly unhinged.”")
⏲ 0:47 👁 33.6M
_hemos-jugado-3-horas-a-elden-ring-shadow-of-the-erdtree.webp "Hemos jugado 3 HORAS a ELDEN RING SHADOW OF THE ERDTREE from bangla video à¦à¦¾à¦¬à¦¿ কে বিছানায় শৠয়ে চৠদা")
_star-trek-10-episodes-that-paid-off-way-later.webp "Star Trek knows how to tease and deliver, even if it takes a little longer than expected.")
_you-have-to-check-out-this-amazing-discovery-from-the-arctic.webp "Researchers board the Alfred Wegener Institute’s Polarstern icebreaker have returned from the “epicenter of climate change” with a trove of new data and some sobering news.")
_hay39s-way-a-walk-through-wind-farm-alley-in-dumfries-and-galloway.webp "Wind Farm Alley")
_39the-voice39-is-bringing-back-gwen-stefani-plus-two-new-coaches-that-may-address-some-fan-criticism.jpg)
_top-20-movies-everyone-should-see-at-least-once.jpg)
_just-in-marjorie-taylor-greene-introduces-amendment-to-block-funding-for-nato-and-ukraine.jpg)
_biden-labels-trump-39convicted-felon39-and-39clearly-unhinged39-at-fundraiser-39something-snapped-in-him39-after-2020.jpg)
_hemos-jugado-3-horas-a-elden-ring-shadow-of-the-erdtree.jpg)
_star-trek-10-episodes-that-paid-off-way-later.jpg)
_you-have-to-check-out-this-amazing-discovery-from-the-arctic.jpg)
_hay39s-way-a-walk-through-wind-farm-alley-in-dumfries-and-galloway.jpg)
![[+]](/images/menu.gif){kind=small}