What are some of the factors causing a downward trend in oil prices?
OPEC Will Keep Oil $65 to $70 in Second Half of the Year, Says FGE’s Fesharaki

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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