OPEC Faces 'Major Challenge' Keeping Oil Price at Suitable Levels: IEA

OPEC Faces 'Major Challenge' Keeping Oil Price at Suitable Levels: IEA

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the future of OPEC and its challenges in balancing the oil market, considering geopolitical risks and supply dynamics. It explores the impact of geopolitical events, such as tanker attacks, on oil prices and supply. The discussion also covers the dynamics of oil supply and demand, highlighting the role of OPEC and its production cuts. The video further examines the effects of the ongoing trade war on oil demand and the broader economic outlook, emphasizing the potential impact of a trade deal on market confidence and oil demand growth.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the major challenges OPEC faces as it moves into 2020?

Reducing geopolitical risks

Balancing the market with lower demand

Expanding oil reserves

Increasing oil production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the market reacted to recent geopolitical risks such as tanker attacks?

Significant increase in oil prices

Limited impact on oil prices

Complete halt in oil supply

Major decrease in oil prices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a significant factor in the buildup of oil stocks in 2018?

Decrease in global oil demand

Reduction in US oil production

OPEC's decision to increase oil prices

Increase in production from Saudi Arabia, Iraq, and Russia

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the impact of the trade war on oil demand growth expectations?

Reduction in demand growth

Stability in demand growth

No impact on demand growth

Increase in demand growth

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What could potentially restore confidence in the oil market and boost demand growth?

A decrease in oil production

A new OPEC agreement

A trade deal being signed

Increased geopolitical tensions