OPEC Will Keep Oil $65 to $70 in Second Half of the Year, Says FGE’s Fesharaki

OPEC Will Keep Oil $65 to $70 in Second Half of the Year, Says FGE’s Fesharaki

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The video discusses the factors influencing oil prices, including economic fears, China-US tensions, and OPEC's role. It highlights the impact of demand decline and the influence of major players like Saudi Arabia, Russia, and the US. The video also covers the dynamics within OPEC, Russian oil strategy, and the current state of oil inventories and demand trends globally.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some of the factors causing a downward trend in oil prices?

Increased oil production

Stable geopolitical conditions

Economic fears and China-US tensions

High demand for oil

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the price ceiling for oil according to Trump?

$60

$65

$70

$75

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are considered the key players in calling the shots in OPEC?

The United States and China

Iran and Iraq

Russia and Saudi Arabia

Venezuela and Nigeria

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of lower oil prices on demand?

It causes demand to fluctuate

It stimulates demand

It has no effect on demand

It decreases demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of OPEC in the oil market?

It only affects non-OPEC countries

It causes prices to fluctuate wildly

It has no impact on oil prices

It helps maintain a reasonable price band

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current status of Iranian oil exports?

Completely halted

Over 1 million barrels per day

Increasing steadily

Around 300,000 barrels per day

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the average growth rate of oil demand changed recently?

Remained stable at 1.4 million barrels per day

Increased to 2 million barrels per day

Fluctuated between 1 and 2 million barrels per day

Decreased to 1 million barrels per day