Oil Climbs Higher as OPEC Production Slides for a Fourth Month

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Business, Architecture, Engineering
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University
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main reasons for the recent drop in OPEC production?
New oil discoveries in the Middle East
Technological advancements in oil extraction
Saudi Arabia's decision to lower production
Increased demand from China
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do the Saudis want oil prices to be at least $70 per barrel?
To increase their market share
To support renewable energy initiatives
To compete with shale oil producers
To balance their fiscal budget
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant factor contributing to the uncertainty in the oil market?
The rise of electric vehicles
Increased oil reserves in the Arctic
Political situations in Iran and Venezuela
New drilling technologies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been a challenge for shale production in the first quarter of the year?
High oil prices
Investor pressure to increase spending
Bad weather conditions
Lack of skilled labor
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What development is expected to boost shale production later in the year?
Decrease in global oil demand
Completion of new pipelines in the Permian
Introduction of new environmental regulations
Discovery of new oil fields
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