What was the primary reason for OPEC's reduced ability to control oil prices?
OPEC's Dominance Of Energy Market 'Is Over'

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Business, Architecture
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increased production by other countries
OPEC's internal disagreements
Lack of demand for oil
Technological advancements in oil extraction
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country is highlighted as the world's largest exporter of liquefied natural gas?
Russia
Saudi Arabia
United States
Qatar
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What historical period is compared to the current potential for prolonged low oil prices?
1970s
2000s
1990s
1980s
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been a significant driver for economic diversification in the Gulf region?
Running out of oil and gas
Foreign investments
Increased tourism
Technological innovation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might be a consequence for the Gulf region if high energy prices do not return?
Increased reliance on oil exports
Economic stability
Growth in the oil sector
Significant economic changes
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