CLEAN : OPEC holds oil output level triggering price collapse

CLEAN : OPEC holds oil output level triggering price collapse

Assessment

Interactive Video

Business, Economics, Social Studies

9th - 10th Grade

Hard

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The video discusses a conference decision to maintain oil production at 30 million barrels per day, as agreed in December 2011. Despite a decline in prices, the decision-makers emphasize patience and observation, rather than rushing to action. They stress that the price drop does not reflect a fundamental market change and plan to monitor how the market reacts to the production level.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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