OPEC Head Mohammad Barkindo Has Died Aged 63

The transcript discusses the sudden developments within OPEC, highlighting the end of a six-year tenure of a key figure who played a significant role in forming OPEC Plus. The new Secretary General from Kuwait faces challenges as OPEC approaches the end of its output cuts initiated during the coronavirus pandemic. The group must decide whether to increase production to satisfy major importers like the US and EU, despite supply issues among its members, with only Saudi Arabia and the UAE having spare capacity.

What was one of the key contributions of the late OPEC leader?

• He increased oil prices significantly.

• He united diverse oil-producing nations.

• He focused solely on Middle Eastern countries.

• He reduced the number of OPEC members.

What is a major challenge for the new Secretary General of OPEC?

• Focusing on renewable energy sources.

• Reducing the number of OPEC members.

• Managing the end of output cuts.

• Increasing oil prices globally.

What is a significant concern for OPEC's future production plans?

• The oversupply of oil in the market.

• The lack of demand for oil.

• The limited spare capacity of some members.

• The high cost of oil production.

Which countries are mentioned as having spare capacity in oil production?

• Nigeria and Russia

• Malaysia and Kuwait

• Saudi Arabia and the UAE

• United States and Canada

What is a potential action OPEC might take regarding oil production?

• Decrease production to increase prices.

• Stop production entirely.

• Focus on exporting to Asia only.

• Increase production to appease importers.