Goldman's Currie Sees 'Severe' Oil Supply Constraints

Goldman's Currie Sees 'Severe' Oil Supply Constraints

Assessment

Interactive Video

Business, Architecture, Engineering

University

Hard

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The video discusses the decline in capital expenditures (CapEx) since 2014, despite rising demand. It highlights that most oil producers, except UAE and Saudi Arabia, are producing less than in January 2020, leading to broad supply constraints. The video also addresses the impact of decarbonization on oil supply, particularly in non-core OPEC regions like Angola and Nigeria. The Russian shock exacerbates these constraints, creating a significant shortage reminiscent of the 1970s. The U.S. Strategic Petroleum Reserve (SPR) release is deemed insufficient to address the problem's scale.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the trend in capital expenditure (CapEx) since 2014?

CapEx has increased by 35%

CapEx has remained stable

CapEx has decreased by 35%

CapEx has decreased by 50%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which countries are exceptions in maintaining their oil production levels since January 2020?

Venezuela and Iran

Russia and USA

UAE and Saudi Arabia

Nigeria and Angola

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main challenges faced by non-core OPEC countries like Angola and Nigeria?

High taxation

Deep-water offshore platform issues and decarbonization

Political instability

Lack of skilled labor

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What historical period is compared to the current supply constraints?

The 1970s

The 2000s

The 1990s

The 1980s

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the purpose of the U.S. Strategic Petroleum Reserve (SPR) release?

To increase oil prices

To address the scale of the supply problem

To reduce oil production

To support renewable energy initiatives