_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 smosh productions 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
_rock-opera-greenhouse-songs-39shes-a-bitch39-lyrics-misogynistia-bmi-music-2008-rock-city.webp "223,224 Views - Youtube Videos - The Rock Opera")
⏲ 2 min 15 sec ✓ 09-Apr-2011
_you-cringe-you-lose.webp "Smosh")
_does-the-worlds-largest-displacement-production-motorcycle-make-sense.webp "Triumph's Rocket 3 Storm R and GT models now have more power than before. Does the largest displacement production motorcycle in the world make sense for everyday riders? We went to France to find out.<br/><br/>Check out the story at https://www.cycleworld.com/motorcycle-reviews/triumph-rocket-3-storm-r-and-gt-first-ride-review/<br/><br/>Subscribe to Cycle World Youtube: http://www.youtube.com/c/cycleworld?sub_confirmation=1<br/>Listen on Spotify: https://open.spotify.com/show/6CLI74xvMBFLDOC1tQaCOQ<br/>Read more from Cycle World: https://www.cycleworld.com/<br/>Buy Cycle World Merch: https://teespring.com/stores/cycleworld")
_our-crew-roasts-us-with-memes-who-meme39d-it.webp "Smosh Pit")
_teaching-angela-fortnite.webp "Smosh Games")
_speed-demon-yamaha-tz750-had-too-much-of-everything.webp "The legendary Yamaha TZ750 two-stroke racer was a bike three-time world champ Kenny Roberts said had \")
_rock-opera-greenhouse-songs-39shes-a-bitch39-lyrics-misogynistia-bmi-music-2008-rock-city.jpg)
_you-cringe-you-lose.jpg)
_does-the-worlds-largest-displacement-production-motorcycle-make-sense.jpg)
_our-crew-roasts-us-with-memes-who-meme39d-it.jpg)
_teaching-angela-fortnite.jpg)
_speed-demon-yamaha-tz750-had-too-much-of-everything.jpg)
![[+]](/images/menu.gif){kind=small}