Oil Surges as U.S. Mulls Ban on Russian Crude Imports
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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
Why is it easier for the United States to ban Russian oil imports compared to Europe?
Europe has alternative oil suppliers.
The US has a larger oil reserve.
The US imports less than a million barrels a day from Russia.
The US has a stronger economy.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What recent development has complicated the Iranian nuclear talks?
A disagreement over oil prices.
A new demand from Russia for trade guarantees.
Iran's refusal to negotiate.
The US withdrawing from the talks.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the potential impact of Russia's involvement in the Iranian nuclear deal?
It will have no impact on the oil market.
It could lead to increased oil prices.
It could strengthen US-Iran relations.
It might delay the deal's finalization.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What price per barrel might prompt OPEC+ to consider increasing oil production?
$150
$130
$120
$100
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge for OPEC+ in deciding to increase oil production?
Breaking the OPEC+ alliance.
Finding new oil reserves.
Negotiating with non-member countries.
Setting a new oil price.
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