Oil Caps Biggest Weekly Loss Since January

Oil Caps Biggest Weekly Loss Since January

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Business

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Hard

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The transcript discusses the challenges OPEC faces in reaching a cohesive deal, particularly in assigning quotas and managing exemptions. It highlights the market's movement towards rebalancing, despite significant investment cuts due to low oil prices. The potential for future production shortages and investment increases is explored, contingent on price stability. The upcoming OPEC meeting in Vienna is expected to shift market focus back to shale and US stockpiles, with the potential for price increases if production cuts are implemented.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main challenges OPEC faces in reaching a final deal?

Assigning individual quotas

Increasing production

Reducing oil prices

Expanding membership

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the common consensus regarding the oil market's movement?

It is increasing in investment

It is decreasing in production

It is becoming more unstable

It is moving towards rebalancing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factor is expected to influence an increase in investment next year?

Increase in offshore production

Reduction in US stockpiles

Decrease in shale production

Stability of oil prices over $50

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might cause the market's focus to shift from OPEC?

A deal on production cuts

Increased shale production

Higher offshore production costs

Decreased US stockpiles

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is expected to cap the increase in oil prices?

OPEC production cuts

US stockpiles

Shale production

Increased investment