Oil-Producing Nations Finalize Deal To Cut Output
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Business, Social Studies, Engineering
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University
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the primary reason for the historic OPEC+ oil production cut?
To increase oil prices
To respond to a drop in energy demand due to the coronavirus outbreak
To punish non-OPEC countries
To support renewable energy initiatives
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which two countries were involved in the price war that the OPEC+ agreement helped resolve?
Russia and Saudi Arabia
United States and Canada
Brazil and Mexico
China and India
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the initial production cut proposed by OPEC+ before Mexico's resistance?
10 million barrels per day
8 million barrels per day
9.7 million barrels per day
12 million barrels per day
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the United States contribute to the OPEC+ agreement after Mexico's resistance?
By imposing sanctions on Mexico
By increasing its oil production
By withdrawing from the agreement
By agreeing to further reduce its production
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When will the OPEC+ production cuts begin and how long will they last?
Start on July 1st and last until the end of August
Start on April 1st and last until the end of May
Start on June 1st and last until the end of July
Start on May 1st and last until the end of June
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