OPEC Shows Some Signs of Unity, What's Next?

OPEC Shows Some Signs of Unity, What's Next?

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the increased unity within the cartel, highlighting Saudi Arabia's more cooperative approach in recent meetings compared to past tensions, such as the one in Doha. It also examines the current market dynamics, noting that while there is a trend towards clearing the supply glut, caution is advised due to skewed supply numbers from outages in countries like Canada, Nigeria, and Libya. The consensus is that the market may stabilize in the latter half of the year, improving conditions by 2017.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a significant change in the recent cartel meetings compared to previous ones?

More unity and civility

No change in dynamics

Complete agreement on all issues

Increased hostility among members

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did Saudi Arabia's approach differ in the recent meetings?

They refused to participate

They demanded more control

They were more confrontational

They showed willingness and flexibility

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the outcome of the recent meeting despite Saudi Arabia's efforts?

A major decision was made

A non-decision was reached

The meeting was canceled

A new leader was chosen

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factors are currently affecting the supply numbers in the market?

Rising demand in Asia

Increased production in the US

New trade agreements

Outages in Canada, Nigeria, and Libya

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is the market expected to clear the supply glut according to the consensus?

In the second half of the year going into 2017

By the end of the decade

In the next quarter

In the first half of the year