Iran Exempt From OPEC+ Production Cut, Oil Minister  Says

Iran Exempt From OPEC+ Production Cut, Oil Minister Says

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Business, Social Studies

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Hard

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The transcript discusses a significant oil production deal involving Saudi Arabia, Russia, and Iran. The deal, which surprised the market, involves cutting 1.2 million barrels per day, with OPEC shouldering 800,000 barrels. Iran is exempt from these cuts, a political win for them. Russia played a crucial role in the agreement, despite not being an OPEC member. Upcoming briefings by Alexander Novak and Khaled Al Falih are announced.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main focus of the initial meetings discussed in the transcript?

Technological advancements in oil extraction

The economic impact of oil prices

Bilateral discussions to secure country agreements

Environmental concerns related to oil production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many barrels per day did OPEC agree to cut?

1.2 million

800,000

1 million

500,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country was exempted from the oil production cuts?

Saudi Arabia

Iran

United States

Russia

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role did Russia play in the oil agreement?

Russia opposed the agreement

Russia was the main beneficiary of the cuts

Russia led the negotiations within OPEC

Russia had no influence in OPEC

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is expected to brief the press following the agreement?

Saudi and Russian delegates

Alexander Novak and Khaled Al Falih

Bijan Zanganeh and Khaled Al Falih

Bijan Zanganeh and Alexander Novak