What factors could lead to oil prices dropping to $20 according to the transcript?
IEA Sees Oil Glut Clearing by End of 2021 Amid Demand Strains

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Business, Life Skills
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Decrease in oil production and increased demand
Prolonged COVID-19 crisis and breakdown in OPEC+ discipline
Stable COVID-19 situation and increased OPEC+ discipline
Increased demand and stable OPEC+ discipline
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main concern regarding the OPEC+ deal discussed in the transcript?
The deal is not sophisticated enough
The deal does not consider monthly market assessments
The deal is too rigid and lacks flexibility
The deal's flexibility and the market's short-term fragility
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge in understanding global oil supply and demand?
Excessive data transparency in OECD countries
Lack of data transparency in non-OECD countries
Over-reporting of oil stocks in China
Too many countries reporting to the Jody initiative
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the number of countries reporting to the Jody initiative changed?
Decreased from 36 to 14
Remained constant at 36
Increased from 14 to 36
Increased from 14 to 19
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the issue with the reported oil stocks in China?
They are overestimated by the Jody initiative
They are not officially reported numbers
They are underestimated by the OECD
They are officially published figures
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