What is the primary function of OPEC in the global oil market?
Negative Oil Prices - Explained: Oil in 2020

Interactive Video
•
Business, Architecture, Engineering
•
7th - 12th Grade
•
Hard
Quizizz Content
FREE Resource
Read more
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To regulate oil consumption
To provide oil subsidies to member countries
To explore new oil reserves
To set rules around oil production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did Russia and OPEC start pumping oil excessively?
To support the global economy
To increase global oil reserves
To reduce environmental impact
To drive each other out of business
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a significant factor that reduced the demand for oil during the market shutdown?
Increased oil production
Factories on lockdown and reduced travel
New oil discoveries
Government regulations on oil usage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why can't gasoline prices drop to zero even if crude oil is free?
Gasoline is a renewable resource
Refining crude oil is costly
Gasoline is not in demand
Government controls the prices
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to petrol if it is exposed to air for too long?
It becomes more efficient
It goes bad
It increases in volume
It becomes non-toxic
Similar Resources on Wayground
8 questions
Markets are Collapsing. Oil Companies Are Thriving - TLDR News

Interactive video
•
11th Grade - University
6 questions
Brent Oil Climbs as Market Focuses on Supply Over Demand

Interactive video
•
University
6 questions
Oil Climbs Higher on Way to Six-Day Winning Streak

Interactive video
•
University
6 questions
Saudis Stay Cautious on Oil Production, Despite Warnings

Interactive video
•
University
6 questions
CLEAN : World oil prices slide to multi year lows

Interactive video
•
9th - 12th Grade
6 questions
CLEAN : Analysts react to OPEC oil deal

Interactive video
•
9th - 10th Grade
2 questions
Markets are Collapsing. Oil Companies Are Thriving - TLDR News

Interactive video
•
11th Grade - University
11 questions
Nigeria's Oil Industry Challenges and Solutions

Interactive video
•
9th - 10th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
Discover more resources for Business
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade