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

University

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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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What role did Russia play in the agreement between OPEC and non-OPEC countries?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Who were the key figures mentioned that would be briefing the press after the meetings?

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