Oil Production and Economic Risks

Oil Production and Economic Risks

Assessment

Interactive Video

Business, Journalism, Social Studies

10th - 12th Grade

Hard

Created by

Olivia Brooks

FREE Resource

The video discusses Russia's announcement to cut oil production by 500,000 barrels per day in response to Western price caps. This move is expected to impact global oil prices, with Brent crude already rising. The video also explores the geopolitical tensions surrounding the Ukraine war and the potential economic risks for 2023, as highlighted by the IMF. The implications of these developments on global markets, particularly in Brazil, are also examined.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the destination mentioned at the beginning of the video?

London

Rome

Berlin

Paris

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many barrels per day is Russia planning to cut from its oil production?

1,000,000

250,000

100,000

500,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the expected response from Russia to the price cap imposed by the West?

Increase production

Cut production

Stop exports

Maintain production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By what percentage is the price of Brent crude oil rising?

1%

2%

4%

3%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current price of Brent crude oil mentioned in the video?

$81

$83

$85

$86

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the anticipated impact of the Russian offensive in the spring?

No change in oil prices

Increase in oil prices

Stabilization of oil prices

Decrease in oil prices

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which international organization discussed the risks for 2023?

IMF

OECD

World Bank

UN

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