OPEC Sees More Cut Exemption Requests
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Business, Social Studies
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary challenge OPEC faces before agreeing on production cuts?
Determining the market demand
Agreeing on a baseline production level
Setting a fixed oil price
Deciding on new member countries
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are Iraq's official production numbers causing disputes?
They are lower than expected
They match the agreed baseline
They are higher than expected
They are not officially released
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant factor in the dispute between Iran and Iraq regarding production levels?
The number of OPEC meetings
The inclusion of new member countries
The price of oil per barrel
The level of leakage on new caps
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which countries were given possible exemptions in the Algiers discussions?
Iran, Iraq, and Nigeria
Iran, Libya, and Nigeria
Iraq, Nigeria, and Libya
Iraq, Iran, and Libya
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What geopolitical factor is influencing Iraq's stance on production cuts?
Their alliance with the US
Their membership in the EU
Their war against ISIS
Their economic ties with China
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