OPEC+ Standoff Pushes Oil to Six-Year High

OPEC+ Standoff Pushes Oil to Six-Year High

Assessment

Interactive Video

Business

University

Hard

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The video discusses the recent surge in oil prices, which have reached their highest since 2014, causing concerns for the White House as gasoline prices rise above $3 per gallon. The discussion highlights the tensions within OPEC, particularly between the UAE and Saudi Arabia, and the potential impact on oil markets. The video also explores future market predictions, considering factors like Iranian oil re-entering the market and the possibility of OPEC members becoming non-compliant. The forward curve indicates short-term bullish trends, but long-term uncertainties remain.

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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 increase in oil prices?

A decrease in global demand for oil

The start of the summer driving season

A new deal between Russia and the UAE

Increased production by OPEC members

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential concern for investors regarding OPEC members?

OPEC members might form a new alliance

OPEC members might stop oil production

OPEC members might increase production quotas

OPEC members might become non-compliant

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the forward curve indicate about short-term oil prices?

Prices are expected to fluctuate wildly

Prices are expected to decrease

Prices are expected to remain stable

Prices are expected to increase

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factor is contributing to the short-term bullish outlook for oil prices?

A significant drawdown in oil inventories

A new agreement between OPEC and non-OPEC countries

Increased oil production in the UAE

A decrease in global oil consumption

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a factor contributing to the uncertainty in the long-term oil price outlook?

A stable geopolitical environment

A new OPEC production agreement

A decrease in global oil demand

The return of Iranian oil to the market