CLEAN: Nigerian strike to pause as talks seek to avert oil shutdown

The video discusses the potential rise in oil prices, possibly reaching $200 per barrel, and the critical role of Nigerian oil in the global market. It highlights Saudi Arabia's ability to increase production by 2 million barrels per day to compensate for any shortfall from Nigeria. The video also examines the significant economic impact on Nigeria, whose economy heavily relies on oil exports, and the potential crisis it could face if oil exports are disrupted.

What is the potential future price of oil per barrel as discussed in the video?

• $50

• $110

• $150

• $200

Which country is mentioned as having spare oil production capacity to offset Nigerian oil loss?

• Saudi Arabia

• Venezuela

• Russia

• United States

How many barrels per day can Saudi Arabia potentially increase its production by?

• 2 million

• 1 million

• 3 million

• 4 million

What percentage of Nigeria's foreign exchange earnings is dependent on oil exports?

• 90%

• 70%

• 100%

• 50%

What is a potential consequence for Nigeria if it cannot export oil?

• Increase in tourism

• Decrease in population

• Economic growth

• Inability to buy food and other essentials