What was one of the main challenges discussed in the initial OPEC talks?
Can OPEC Deliver on Supply Deal?

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Finding new oil reserves
Getting all countries to agree on output quotas
Agreeing on a new oil price
Reducing oil production costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is Russia's involvement in the OPEC talks significant?
Russia is leading the talks
Russia has the largest oil reserves
Russia's economy heavily relies on oil sales
Russia is a major oil importer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What progress was made in Vienna regarding OPEC's output quotas?
Deciding on new member countries
Developing a methodology for allocating output quotas
Agreeing on a new oil production method
Finalizing the oil prices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What issue is Iraq facing with its oil output figures?
Political instability affecting production
Lack of oil reserves
High production costs
Discrepancies between primary and secondary numbers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential hurdle in reaching an OPEC agreement?
High oil prices
Political instability
Disagreements on output figures
Lack of oil reserves
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the market looking for from OPEC to regain confidence?
More frequent meetings
Clear commitments and a monitoring mechanism
Higher oil prices
Increased oil production
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could be a consequence if OPEC members do not adhere to the agreement?
More oil discoveries
Higher production costs
Loss of market confidence
Increased oil prices
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