U.A.E. Energy Minister on January Compliance, Oil Industry

The transcript discusses the compliance of OPEC countries with production targets, highlighting the exceptions for Iran, Venezuela, and Libya. It emphasizes the positive impact of these measures on market balance and the global oil industry. The speaker is optimistic about the demand and economic growth, noting that the current strategy should maintain market stability without targeting specific prices.

Which three countries were given exceptions in the OPEC compliance agreement?

• Saudi Arabia, UAE, and Kuwait

• Brazil, Mexico, and Canada

• Iran, Venezuela, and Libya

• Russia, USA, and China

What is the production level of the UAE as mentioned in the transcript?

• 2,500,000 barrels

• 3,500,000 barrels

• 3,000,000 barrels

• 3,070,000 barrels

What is the main concern of OPEC regarding the global oil market?

• Reducing global demand

• Maintaining market balance

• Achieving a specific oil price

• Increasing production levels

How does the speaker view the demand for oil in 2019?

• It will significantly decrease

• It will remain stable

• It will increase dramatically

• It will be unpredictable

What is the primary goal of OPEC as stated in the transcript?

• To dominate the global oil market

• To increase oil prices

• To help the world economy prosper

• To reduce oil production