VOICED : Paises OPEP y no OPEP verificaran recorte de produccion de crudo

Venezuela, Nigeria, Kuwait, Russia, and Oman will form a committee to verify compliance with production cuts agreed upon by OPEC and non-OPEC countries. This marks the first collaboration of its kind, aiming to ensure adherence to a voluntarily reached agreement. The first meeting to audit production is scheduled for January 21-22. The initiative seeks to prevent market destabilization and speculation. OPEC agreed in November to limit production to curb falling crude prices, with additional non-OPEC producers like Russia joining in December.

Which countries are part of the committee to verify production cuts?

• China, India, Japan, South Korea, and Australia

• Venezuela, Nigeria, Kuwait, Russia, and Oman

• USA, Canada, Mexico, Brazil, and Argentina

• Saudi Arabia, Iran, Iraq, UAE, and Qatar

What makes the collaboration between OPEC and non-OPEC countries historic?

• They are increasing production for the first time.

• They are forming a new organization.

• They have never agreed on production cuts before.

• It is the first time they are monitoring production together.

When is the first meeting to audit production scheduled?

• February 15 and 16

• January 21 and 22

• April 5 and 6

• March 10 and 11

What is the main goal of the production limit agreed by OPEC in November?

• To reduce environmental impact

• To curb the falling prices of crude oil

• To boost global oil production

• To increase the market share of OPEC countries

Which non-OPEC country joined the production limit decision in December?

• India

• Brazil

• China

• Russia