VOICED : Venezuela busca nueva alianza en la OPEP

VOICED : Venezuela busca nueva alianza en la OPEP

Assessment

Interactive Video

Business, Social Studies, Geography

9th - 10th Grade

Hard

Created by

Quizizz Content

FREE Resource

Venezuela is hopeful that a new alliance with OPEC will stabilize the global oil market. President Nicolás Maduro is working on an agreement with a major producer to achieve this goal. The aim is to stabilize oil prices around $100 per barrel in the medium term. This announcement came after Maduro's meeting with Qatar's Emir. The drop in oil prices has significantly reduced Venezuela's income, which relies heavily on crude exports. OPEC decided not to limit oil production, with countries like Saudi Arabia lowering prices to maintain market share.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Venezuela's main goal in forming a new alliance with OPEC?

To diversify its economy

To reduce oil prices

To stabilize the global oil market

To increase oil production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What price per barrel has the global economy already adapted to?

$80

$90

$110

$100

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who did President Maduro meet to discuss the possibility of stabilizing oil prices?

The Emir of Qatar

The King of Saudi Arabia

The President of the United States

The Prime Minister of Canada

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of Venezuela's foreign currency comes from oil exports?

100%

96%

80%

90%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did some OPEC countries, like Saudi Arabia, lower their oil prices?

To increase production

To support Venezuela

To consolidate market share

To reduce global oil consumption