OPEC+ May Need to Rethink Oil Output Cut: IEA's Birol

OPEC+ May Need to Rethink Oil Output Cut: IEA's Birol

Assessment

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Business, Architecture, Engineering, Physics, Science

University

Hard

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current ratio of investment in fossil fuels to clean energy?

1:6

1:9

1:5

1:1.5

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the recent decision made by OPEC+ regarding oil production?

Double the production

Cut production by 2 million barrels per day

Increase production by 2 million barrels per day

Maintain current production levels

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential impact of OPEC+'s decision on developing countries?

Economic growth

Increased inflation and economic weakness

Stable oil prices

Decreased energy costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might the next winter be more challenging for Europe in terms of LNG supply?

Higher storage capacity

Reduced gas supply from Russia

Decreased demand from China

Increased LNG production

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which countries are currently the main buyers of Russian oil?

Brazil and Argentina

United States and Canada

China and India

Germany and France

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factor could limit the increase in Russian oil exports?

Limited new markets

Stable European demand

Unlimited demand from China

Increased production capacity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of central banks in the current economic scenario?

Stabilizing currency exchange rates

Increasing oil production

Reducing inflation by inducing a recession

Encouraging economic growth