Citi's Morse Sees Oil Market in Surplus at End of 2022

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Business
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason the industry might not see a sustained $100 oil price?
Increased demand from emerging markets
Lack of interest from private companies
Short-term cash flow benefits
Skepticism about long-term sustainability
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the Devon CEO view the current drilling activities of private companies?
As a minor influence on the market
As a temporary boost
As a game changer for the industry
As a significant threat to public companies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main factor contributing to the skepticism about reaching $100 per barrel?
Increased supply from the Western Hemisphere
Decreased global demand
OPEC's reduced production
Economic recovery from the pandemic
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which region is expected to significantly increase its oil production in 2022?
Middle East
Western Hemisphere
Eastern Europe
Southeast Asia
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might OPEC consider doing in response to increased oil supply?
Investing in renewable energy
Reducing oil output
Increasing production quotas
Maintaining current production levels
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