_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 day vidos 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
_watch-hairy-biker-si-king-in-burton-in-kendal-for-dave-day.webp "Si King arrives with thousands of bikes in Burton-in-Kendal for Dave Day ride in memory of Dave Myers of the Hairy Bikers")
_national-fish-and-chip-day-we-visit-the-clifton-fish-bar-in-bristol.webp "Participating in National Fish & Chip Day is a delightful way to embrace British culinary tradition and savor the flavors of this beloved dish. It showcases the unique combination of flaky fish, crispy batter, and fluffy chips that have become a culinary symbol of the United Kingdom")
_career-coach-reveals-how-to-get-your-dream-job-using-ai.webp "A career coach has revealed the SIX ways you can use AI to get your dream job.<br/><br/>Melissa Stone, 42, is a HR professional with over 20 years experience.<br/><br/>With the rise of AI, people are using the tool every day and Melissa has revealed how you can use it to get ahead in your career.<br/><br/>Melissa said that using AI will allow you to put yourself in the position of the interviewer as it can suggest the questions and answers they are most likely to ask.<br/><br/>Recently, Melissa told one of her clients - who had been searching for a new role for two years - to follow her six step process and she secured her dream job.<br/><br/>Melissa, a HR director and career coach, from Wexford, County Wexford, Ireland, said: \")
_saving-private-ryan-tom-hanks-stars-in-trailer.webp "The 1998 D-Day war film, directed by Stephen Spielberg won five Academy Awards, including best director.")
_decision-day-dan-hurley39s-possible-big-career-move.webp "Decision Day: Dan Hurley's Possible Big Career Move from day vidos")
_musk-warns-of-apple-ban-at-his-firms-if-openai-is-integrated-into-operating-system.webp "Musk warns of Apple ban at his firms if OpenAI is integrated into operating system<br/><br/>Billionaire Elon Musk said on Monday (June 10) he would ban Apple devices at his companies if the iPhone maker integrates OpenAI at the operating system level.<br/><br/>\")
_hartlepool-remembers-the-1944-d-daylandings.webp "Hartlepool has marked the 80th anniversary of the D-Day landings in Normandy by holding a remembrance service for members of the public.")
_biden-apologizes-to-zelenskyy-for-monthslong-congressional-holdup-to-weapons-that-let-russia-advance.webp "Biden apologizes to Zelenskyy for monthslong congressional holdup to weapons that let Russia advance<br/><br/>President Joe Biden on Friday for the first time publicly apologized to Ukraine for a monthslong congressional holdup in American military assistance that let Russia make gains on the battlefield.<br/><br/>Biden met in Paris with Ukrainian President Volodymyr Zelenskyy, who appealed for bipartisan US support going forward “like it was during World War II.”<br/><br/>A day earlier, the two had attended ceremonies marking the 80th anniversary of the D-Day landings in Normandy, where Biden had drawn common cause between the allied forces that helped free Europe from Nazi Germany and today's effort to support Ukraine against Russia's invasion and Zelenskyy had been greeted with a rapt ovation.<br/><br/>Photos by AP<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/>Visit our website at https://www.manilatimes.net <br/> <br/>Follow us: <br/>Facebook - https://tmt.ph/facebook <br/>Instagram - https://tmt.ph/instagram <br/>Twitter - https://tmt.ph/twitter <br/>DailyMotion - https://tmt.ph/dailymotion <br/> <br/>Subscribe to our Digital Edition - https://tmt.ph/digital <br/> <br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify <br/>Apple Podcasts - https://tmt.ph/applepodcasts <br/>Amazon Music - https://tmt.ph/amazonmusic <br/>Deezer: https://tmt.ph/deezer <br/>Tune In: https://tmt.ph/tunein<br/> <br/>#themanilatimes<br/>#worldnews <br/>#biden<br/>#zelenskyy<br/>")
Biden apologizes to Zelenskyy for monthslong congressional holdup to weapons that let Russia advance
⏲ 0:44 👁 3M
_watch-hairy-biker-si-king-in-burton-in-kendal-for-dave-day.jpg)
_national-fish-and-chip-day-we-visit-the-clifton-fish-bar-in-bristol.jpg)
_career-coach-reveals-how-to-get-your-dream-job-using-ai.jpg)
_saving-private-ryan-tom-hanks-stars-in-trailer.jpg)
_decision-day-dan-hurley39s-possible-big-career-move.jpg)
_musk-warns-of-apple-ban-at-his-firms-if-openai-is-integrated-into-operating-system.jpg)
_hartlepool-remembers-the-1944-d-daylandings.jpg)
_biden-apologizes-to-zelenskyy-for-monthslong-congressional-holdup-to-weapons-that-let-russia-advance.jpg)
![[+]](/images/menu.gif){kind=small}