Oil Shows Strength After OPEC+ Cuts
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Business, Architecture, Engineering
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University
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Hard
Wayground Content
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the primary reason for the Biden administration's drawdown of the Strategic Petroleum Reserve?
To support OPEC+ production cuts
To reduce environmental impact
To address soaring inflation and emergencies
To increase oil prices
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor contributed to the recent strengthening of oil prices?
Increased oil production in the US
OPEC+ production cuts and Saudi price hikes
Decreased demand in Europe
New oil discoveries in the Middle East
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the impact of the Pemex platform explosion in the Gulf of Mexico?
Increased oil production
Improved safety measures
Significant loss in oil and natural gas output
Discovery of new oil reserves
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the Pemex explosion affect the company's daily oil production?
It lost about a third of its daily output
It doubled
It increased by 50%
It remained unchanged
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What scrutiny has Pemex faced following the explosion?
Environmental and safety issues
Financial mismanagement
Political interference
Technological advancements
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