What was the consensus regarding the price management discussed?
Oil Ministers React as OPEC Seals Non-Members Deal
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The video discusses a meeting where an agreement was reached to reduce production starting January 1st. It explores options for managed versus natural decline, emphasizing real cuts. Countries are committed to a system with thresholds, aiming to manage prices around 60 to incentivize investment without overproduction.
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OPEN ENDED QUESTION
3 mins • 1 pt
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2.
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3 mins • 1 pt
What suggestion was made about ramping up production volumes?
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