Trump Renews Attack on OPEC Over High Oil Prices

The video discusses the impact of OPEC's decisions on global oil prices, highlighting a recent tweet by Trump urging OPEC to avoid price hikes. Despite no scheduled OPEC meeting, the market has seen a 2.5% drop in Brent prices after months of increases. The Saudis plan further production cuts, while US gasoline prices are declining. The video explores the balance between consumer benefits and producer challenges, with US shale production breaking even at $35 a barrel, while Saudi Arabia targets $80 for Brent.

What was the main message of the tweet directed at OPEC?

• To schedule an urgent meeting

• To increase oil production

• To maintain current oil prices

• To avoid raising oil prices

What action has Saudi Arabia planned regarding oil production?

• Stop production entirely

• Maintain current production levels

• Cut production by 500,000 barrels

• Increase production by 500,000 barrels

What trend has been observed in US gas stations regarding gasoline prices?

• Stable prices across all stations

• Gasoline prices dropping significantly

• Fewer stations selling below $2.00 per gallon

• More stations selling below $2.00 per gallon

What is the break-even price for shale production in the US?

• $55 a barrel

• $45 a barrel

• $35 a barrel

• $25 a barrel

What price are the Saudis targeting for Brent crude oil?

• $90 a barrel

• $80 a barrel

• $70 a barrel

• $60 a barrel