Oil Is Heading Way, Way Higher, Says Energy Aspect's Sen

Oil Is Heading Way, Way Higher, Says Energy Aspect's Sen

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Business, Architecture, Social Studies, Physics, Science

University

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The video discusses the current trends in the oil market, predicting higher prices due to demand growth and limited supply. It examines OPEC's role and challenges, including spare capacity issues and group viability. The EU's efforts to reduce dependency on Russian gas are deemed unrealistic without external help, leading to potential rationing. The dynamics of Russian oil trade are explored, with China and India as key buyers, while Europe faces challenges due to high inflation and economic slowdown.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the minimum oil price mentioned that could lead to a significant slowdown in demand growth?

$200

$150

$100

$250

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is OPEC+ hesitant to increase oil supply despite high prices?

Internal conflicts prevent action

They are waiting for US approval

They want to maintain high prices

They have no spare capacity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the EU's target for reducing Russian gas dependency this year?

60%

50%

80%

70%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential consequence of continued energy supply constraints in Europe?

Higher demand growth

Energy rationing

Increased oil production

Lower gas prices

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which countries are increasing their intake of Russian oil?

Germany and France

Brazil and Argentina

China and India

Japan and South Korea

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which region is expected to be most affected by demand destruction due to high energy prices?

Asia

Europe

South America

Africa

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might Asia benefit from the current energy market dynamics?

Higher energy subsidies

Reduced energy consumption

Increased gas exports

Access to cheaper oil