OPEC Seeks Deal on Oil Production Curbs
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Business, Architecture, Social Studies
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main challenge discussed in the first section regarding the OPEC deal?
Ensuring all countries comply with production cuts
Reducing oil consumption
Finding new oil reserves
Increasing oil prices
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which two countries are highlighted for requesting exemptions from production cuts?
Russia and China
Venezuela and Nigeria
Iraq and Iran
Saudi Arabia and Kuwait
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the potential consequence if Iraq and Iran do not comply with the production cuts?
An increase in oil imports
A decrease in global oil demand
A burden of cuts on Saudi Arabia and other producers
Increased oil prices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might President-elect Donald Trump influence the OPEC deal?
By joining OPEC
By increasing oil production in the US
By reimposing sanctions on Iran
By reducing oil prices
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What discrepancy is Iraq contesting regarding its oil production?
The amount of oil reserves
The number of oil rigs in operation
The price of oil per barrel
The production numbers reported by OPEC
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