Will OPEC+ Members Comply With Its Production Targets in 2020?

Will OPEC+ Members Comply With Its Production Targets in 2020?

Assessment

Interactive Video

Business, Architecture, Other

University

Hard

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The video discusses the OPEC Plus agreement on supply cuts and the challenges of compliance, particularly for economically challenged countries like Iraq and Nigeria. Saudi Arabia's role in stabilizing the market is highlighted. The discussion shifts to market confidence, focusing on supply-side issues in countries like Venezuela and Iran, and the impact of US oil production. Predictions for oil prices in 2020 are made, with a focus on demand from emerging markets. Finally, Saudi Arabia's economic strategy, including the Aramco IPO, is analyzed.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main challenge OPEC Plus faces after agreeing on supply cuts?

Finding new oil reserves

Reducing oil prices

Increasing oil production

Adhering to the agreed reductions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country has been overcompensating for other countries' non-compliance in the OPEC Plus agreement?

Saudi Arabia

Iraq

Nigeria

Russia

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do some countries argue they should not comply with the OPEC Plus agreement?

They are economically challenged

They have abundant oil reserves

They want to increase oil prices

They are not part of OPEC

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant factor affecting the oil market dynamics according to the discussion?

New oil discoveries in Africa

US becoming a net exporter

Increased demand from Europe

Decreased production in Canada

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the predicted benchmark price for oil in 2020?

$50 per barrel

$75 per barrel

$55 per barrel

$65 per barrel

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economies are expected to drive the oil price above $65?

Middle Eastern economies

Emerging economies

European economies

Developed economies

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What financial challenge does Saudi Arabia face despite the oil price predictions?

High production costs

Insufficient budget break-even

Lack of oil reserves

Decreasing global demand