What is one of the main reasons for the current weakness in the crude oil market?
It’s Getting Tougher for OPEC+ to Cut Oil Output: Nomura

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Business, Architecture, Engineering
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increased oil production
Prolonged pandemic impact
Rising global demand
Successful OPEC+ agreements
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What challenge do OPEC+ member states face in maintaining their quotas?
Lack of oil reserves
Technological advancements
Intensifying fiscal pressures
Decreasing global demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the GCC region considered vulnerable in the current oil market scenario?
Need for significant deficit financing
Strong economic growth
Low dependency on oil revenues
High diversification in economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the litmus test for diversification mentioned in the context of GCC countries?
Ability to meet bills without high oil prices
Increasing oil production
Reducing fiscal deficits
Expanding oil exports
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the forecasted financial requirement for the GCC over the next three years?
$100 billion
$200 billion
$500 billion
$1 trillion
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