Saudi Arabia Holds Upper Hand as OPEC Seeks a Deal

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main reason OPEC needs to reach a deal according to analysts and investors?
To reduce oil prices to $30 a barrel
To maintain credibility and avoid bearish sentiment
To compete with non-OPEC countries
To increase oil production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did the last attempt at an OPEC deal fall apart?
Saudi Arabia increased production
Russia did not participate
The US imposed sanctions
Iran refused to freeze production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What rumor was injected into the market regarding Saudi Arabia's production?
Saudi Arabia will only produce for domestic use
Saudi Arabia might decrease production
Saudi Arabia might increase production if Russia doesn't agree
Saudi Arabia plans to exit OPEC
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What strategic advantage does Saudi Arabia have in the OPEC negotiations?
Most advanced oil extraction technology
Significant spare production capacity
Strongest political influence in OPEC
Largest oil reserves in the world
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Saudi Arabia's potential response if an agreement is not reached?
Seek alliances with non-OPEC countries
Increase oil production
Withdraw from OPEC
Decrease oil prices
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