OPEC Has Incentives to Manage Production, Control Inventories, IHS Markit Says

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Business, Architecture
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the factors contributing to the increase in oil supply in the market?
Increase in global demand
Reduction in Saudi oil production
Exemptions for buying Iranian oil
Decrease in US oil production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it challenging for OPEC to agree on production cuts?
Lack of interest from member countries
Decisions must be unanimous
High global demand for oil
Insufficient data on oil inventories
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the GTV chart on Bloomberg indicate about US oil inventories?
They have remained stable
They are decreasing weekly
They are showing weekly gains
They are fluctuating unpredictably
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is expected to happen to US oil supply in the latter half of 2019?
It will be unaffected by logistical changes
It will increase due to reduced bottlenecks
It will remain constant
It will decrease significantly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might the announced production cuts affect oil prices by the end of the year?
Prices will stabilize
Prices will drop significantly
Prices will remain unchanged
Prices may rise to the upper 70s
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