Oil Gains After Saudi Arabia, Russia Agree to Extend Pact

The video discusses Russian President Vladimir Putin's meeting with Saudi Crown Prince Mohammed bin Salman at the G20 summit, where they agreed to extend an oil market management agreement. This agreement, involving OPEC and Russia, aims to stabilize oil prices. The video also previews an upcoming OPEC meeting in Vienna, where production cuts will be a key topic. Additionally, Alberta's decision to cut oil production for the first time since the 1980s is examined, highlighting the challenges faced by Canadian producers due to price disparities with US crude.

What was the main outcome of the meeting between Putin and the Saudi Crown Prince at the G20 summit?

• A new trade agreement

• An extension of the oil market management agreement

• A military alliance

• A climate change pact

What is the primary topic expected to be discussed at the upcoming OPEC meeting in Vienna?

• Technological advancements

• Environmental policies

• New member admissions

• Oil production cuts

How much production cut has the OPEC advisory group recommended?

• 500,000 barrels a day

• 3 million barrels a day

• 2.5 million barrels a day

• 1.3 million barrels a day

Why has Alberta ordered a production cut for the first time since the 1980s?

• To reduce environmental impact

• To close the price gap between Canadian and US crude

• To attract foreign investment

• To increase exports

What percentage of Alberta's crude production is expected to be cut starting January?

• 8.7%

• 5%

• 10%

• 12%