_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 10 বয 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
_favourites-for-victory-are-already-placed-stage-8-critrium-du-dauphin-2024.webp "More information on : <br/>www.criterium-du-dauphine.fr<br/>www.facebook.com/CriteriumDuDauphine<br/>www.twitter.com/dauphine<br/>www.instagram.com/criteriumdudauphine <br/> <br/>© Amaury Sport Organisation - www.aso.fr")
_modi-3-0-rjds-manoj-jha-on-nitish-kumar-chirag-paswan-playing-kingmakers-124-bihars-expectations.webp "RJD MP Manoj Kumar Jha extended his best wishes to Narendra Modi while addressing the media in Delhi. He emphasised the role of Bihar's leaders as kingmakers and expressed expectations from them. Jha advocated for granting special category status and a special package to Bihar. Additionally, he called for a caste census to be conducted nationwide. <br/> <br/>#pmmodioathceremony #ManojKumarJha #RJD #NitishKumar #ChiragPaswan #ModiCabinet #INDIA #JairamRamesh #RahulGandhi #AICC #pmmodinewcabinetlist #pmmodilive #pmmodispeech #pmmodinewcabinet #modiceremony #modioathceremonylive #modioathlive #oathceremonylive #cabinetminister #newcabinetministers #narendramodilive #ndagovernment #modiswearingin #pmmodioathceremonylive #narendramodioathtakingceremony <br/>~HT.97~PR.152~ED.102~")
⏲ 7:29 👁 13.2M
_met-office-morning-weather-forecast-1092-0692-24-damp-start-with-rain-in-the-southeast.webp "Southeastern parts of the UK will see a rainy start of the day, with some of this precipitation heavy in places, windy over coastal regions. This rain will clear as the day progresses, however showers will develop in central and northern areas. Sunny spells will be possible. – This is the Met Office UK Weather forecast for the morning of 10/06/24. Bringing you today’s weather forecast is Ellie Glaisyer.")
⏲ 2:0 👁 12.9M
_a-major-police-presence-on-staniforth-road-darnall-after-an-39assault39.webp "A major police presence on Staniforth Road, Darnall after an 'assault'")
_narendra-modi-oath-will-reduced-mandate-challenge-modis-strongman-image-against-maldives124-watch.webp "Maldivian President Mohammad Muizzu, known for fraught relations with PM Modi over Indian military presence in Malé, has been invited to Modi's swearing-in ceremony after his third consecutive election win. Despite tensions, Modi's strongman image prevails. As he begins his third term, the question arises: Will Modi 3.0 change relations with Maldives? The dynamics between the two leaders and their approach to regional diplomacy remain a topic of discussion. <br/> <br/> <br/> <br/>#pmmodioathceremony #pmmodinewcabinetlist #pmmodilive #pmmodispeech #pmmodinewcabinet #modiceremony #modioathceremonylive #modioathlive #oathceremonylive #cabinetminister #newcabinetministers #narendramodilive #ndagovernment #modiswearingin #pmmodioathceremonylive #narendramodioathtakingceremony #modiswearinginceremony #narendramodi #modigovt #rashtrapatibhavan<br/><br/>~HT.178~ED.103~GR.125~")
⏲ 3:11 👁 12.1M
_the-double-2024-episode-15-english-sub.webp "The Double (2024) Episode 15 English sub")
_a-case-of-love-blossom-in-the-southern-city-full-movie.webp "A Case Of Love Blossom in the Southern City Full Movie")
_tim-burton-says-it-was-like-michael-keaton-was-92.webp "Michael Keaton left his co-stars and director stunned when he jumped back into playing Beetlejuice like it was yesterday.")
_favourites-for-victory-are-already-placed-stage-8-critrium-du-dauphin-2024.jpg)
_modi-3-0-rjds-manoj-jha-on-nitish-kumar-chirag-paswan-playing-kingmakers-124-bihars-expectations.jpg)
_met-office-morning-weather-forecast-1092-0692-24-damp-start-with-rain-in-the-southeast.jpg)
_a-major-police-presence-on-staniforth-road-darnall-after-an-39assault39.jpg)
_narendra-modi-oath-will-reduced-mandate-challenge-modis-strongman-image-against-maldives124-watch.jpg)
_the-double-2024-episode-15-english-sub.jpg)
_a-case-of-love-blossom-in-the-southern-city-full-movie.jpg)
_tim-burton-says-it-was-like-michael-keaton-was-92.jpg)
![[+]](/images/menu.gif){kind=small}