IEA's Birol: U.S. Oil Output Would Rise if Crude Hits $60

The video discusses the potential outcomes of an OPEC agreement, including its impact on oil prices and market stability. It highlights the implications of rising oil prices, such as increased US shale production and changes in global oil demand. The discussion also covers the World Energy Outlook and the potential influence of US policies under the new administration on global energy systems.

What is one potential outcome if OPEC reaches an agreement that pushes oil prices towards $60 per barrel?

• A decrease in US oil production

• An increase in oil imports by China

• A substantial amount of oil entering the market from the US

• A decrease in global oil demand

How might an OPEC agreement affect US shale oil production?

• It would make US shale oil less profitable

• It would have no impact on US shale oil

• It would make a large portion of US shale oil profitable

• It would lead to a decrease in US shale oil production

What factors are OPEC ministers likely to consider when making decisions?

• Only the interests of the US economy

• The economic interests of member countries and global economic health

• Only the current oil prices

• The interests of non-OPEC countries

What is a potential impact of new US energy policies under the Trump administration?

• A decrease in global oil demand

• An increase in oil prices to $100 per barrel

• No change in the global energy system

• A significant impact on the global energy system

According to the World Energy Outlook, what is expected to drive global oil demand growth in the coming years?

• Only the automotive industry

• A combination of cars, trucks, ships, and the petrochemical industry

• Only the petrochemical industry

• A decrease in industrial activities