What is the current trend in global oil supply according to the transcript?
Kevin Norrish: OPEC Deal Looks Difficult to Achieve

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is increasing by about a million barrels a day.
It is decreasing by about a million barrels a day.
It is stable with no significant changes.
It is expanding rapidly.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is Iran considered a 'kingmaker' in the OPEC negotiations?
Because it has the largest oil reserves.
Because its decisions influence Saudi Arabia's actions.
Because it produces the most oil in OPEC.
Because it has the most advanced oil extraction technology.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main sticking point for Iran in the OPEC negotiations?
The inclusion of new member countries.
Its share of OPEC production.
The price of oil per barrel.
The location of OPEC meetings.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been OPEC's approach to production constraints since 2008?
They have increased production quotas annually.
They have not implemented any production constraints.
They have consistently reduced production.
They have focused on renewable energy sources.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What would be considered a step forward for OPEC after the Doha meeting?
A complete overhaul of the quota system.
A reduction in global oil demand.
A common understanding among members.
A significant increase in oil prices.
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