China Becomes Biggest U.S. Oil Buyer
Interactive Video
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Business, Architecture
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University
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Hard
Wayground Content
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country became the largest importer of US crude oil in February, surpassing Canada?
Japan
China
Germany
India
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the total amount of US crude oil exports in February?
31.2 million barrels
20 million barrels
40 million barrels
15 million barrels
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factor contributed to the increased demand for US crude oil?
OPEC's production cuts
Increase in global oil prices
New oil discoveries in the US
Decrease in US stockpiles
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did Saudi Arabia respond to the increased competitiveness of US crude oil?
Formed a new alliance with Russia
Increased production
Cut prices further
Stopped exports to China
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What impact did the US's increased competitiveness have on the global oil market?
Stabilized global oil prices
Increased demand for OPEC oil
Dampened global supply and price balance
Led to a decrease in US oil production
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