Standard Chartered: Expect Oil to Rise Above $60

The video discusses the financial dynamics of OPEC, focusing on Saudi Arabia's economic challenges due to oil prices and reserve pressures. It highlights the impact of the dollar's strength on Dubai's economy, emphasizing tourism and diversification. The video concludes with an optimistic outlook on oil prices, expecting a rise due to strong demand and market adjustments.

What is the break-even oil price for Saudi Arabia's current account?

• $50 per barrel

• $66 per barrel

• $90 per barrel

• $100 per barrel

What is one of the reasons for the drop in Saudi Arabia's reserves?

• Increased oil production

• Higher import costs

• Capital outflows

• Decreased tourism

Who has the authority to decide on the devaluation of the Saudi riyal?

• OPEC

• International Monetary Fund

• Saudi Central Bank

• World Bank

What has been a significant factor in Dubai's economic slowdown?

• Decrease in oil prices

• Strong dollar

• High inflation

• Political instability

What is the expected trend for oil prices by the end of the year?

• Decrease below $40

• Stabilize around $50

• Rise above $60

• Remain constant at $30