IEF's McMonigle: $150 a barrel is still possible

IEF's McMonigle: $150 a barrel is still possible

Assessment

Interactive Video

Business, Social Studies, Architecture

University

Hard

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The video discusses the challenges faced by OPEC and other market participants in the energy sector, particularly in light of the Ukraine crisis and its impact on Russian oil supplies. It covers oil price forecasts, consumer concerns, and the supply-demand dynamics influenced by geopolitical events. The discussion also touches on European energy policies and the role of OPEC Plus in stabilizing the market amid geopolitical tensions.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated impact of the Ukraine crisis on Russian oil supplies according to the IMF?

2.5 million barrels a day

2 million barrels a day

1.5 million barrels a day

1 million barrels a day

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the forecasted oil price for Q3 according to the Bloomberg survey?

$95 a barrel

$90 a barrel

$92 a barrel

$100 a barrel

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated impact on oil demand for every 1% downgrade in GDP?

450,000 barrels a day

500,000 barrels a day

550,000 barrels a day

600,000 barrels a day

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of pre-pandemic levels has global oil demand returned to, according to the latest data?

100%

98%

95%

90%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country is mentioned as not meeting its production targets due to investment challenges?

Venezuela

Iran

Nigeria

Saudi Arabia

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the strategies Europe is considering to reduce reliance on Russian gas?

Building more nuclear plants

Importing more LNG

Increasing coal production

Expanding wind energy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the global spare capacity for oil production mentioned in the transcript?

3.5 million barrels a day

3 million barrels a day

4 million barrels a day

2 million barrels a day