Russia, Saudi Arabia Favor Extending OPEC Deal

What was the primary goal of the framework agreement signed on September 5, 2016?

• To eliminate oil imports

• To decrease oil prices

• To stabilize markets and reduce volatility

• To increase oil production

How many countries signed the December 10 agreement?

• 12 countries

• 24 countries

• 30 countries

• 18 countries

What was the target for oil inventories as per the agreements?

• To reduce inventories to a five-year average

• To maintain current inventory levels

• To double the inventories

• To increase inventories by 10%

Until when was the agreement extended according to the third section?

• End of December 2017

• End of March 2018

• End of June 2018

• End of September 2018

What is the purpose of the meetings scheduled for May 24 and 25?

• To endorse the extension of the agreement

• To finalize new oil production targets

• To introduce new countries to the agreement

• To discuss the termination of the agreement