VOICED : Jefe de OPEP: Cooperacion con paises miembros es vital

VOICED : Jefe de OPEP: Cooperacion con paises miembros es vital

Assessment

Interactive Video

Business, Social Studies, Other

9th - 10th Grade

Hard

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The Organization of the Petroleum Exporting Countries (OPEC) has called for increased coordination among member and non-member countries to address the instability of global oil prices. In September, OPEC members reached an unexpected agreement to cut crude production for the first time in eight years. The organization projects a rise in oil demand from 93 million barrels per day in 2015 to over 109 million by 2040, necessitating significant investments. Over the past two years, oil prices have fallen by 60% due to oversupply, with current prices around $45 per barrel.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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