Can Saudi's Declare Victory on Oil Price Battle?

Can Saudi's Declare Victory on Oil Price Battle?

Assessment

Interactive Video

Business, Architecture

University

Hard

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Quizizz Content

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The transcript discusses the impact of oil prices on global investment, particularly in the US shale industry, and the broader economic implications. It highlights the challenges faced by OPEC and non-OPEC countries in managing production cuts and the potential for oil prices to reach $70 per barrel by the end of 2017. The discussion also covers the effects of these dynamics on the bond market, inflation, and currency exchange rates, with a focus on the potential policy responses from central banks in Europe and the UK.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the main consequences of oil prices dropping to $30 a barrel?

Higher operating budgets for oil companies

A decrease in US rig counts

Increased investment in the US energy sector

A rise in global oil production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason for the forecasted increase in oil prices to $70 a barrel by the end of 2017?

A decrease in global oil consumption

A decline in shale oil production

Increased production from OPEC countries

Production cuts and a stronger US recovery

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might rising oil prices affect the bond market?

They will lead to lower inflation rates

They will create a tailwind for bond investors

They will have no impact on bond yields

They will result in higher headline inflation numbers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential impact of a stronger US dollar on the global economy?

It will weaken other economies

It will benefit some economies

It will have no effect on other economies

It will lead to a decrease in US exports

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might be a result of policy changes in Europe and the UK?

A reduction in global oil prices

A more hawkish stance from the Bank of England

An increase in unconventional tools in Europe

A decrease in the value of the US dollar