Ecuador Foreign Minister Long on OPEC Output Deal

Ecuador Foreign Minister Long on OPEC Output Deal

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses recent OPEC meetings, highlighting a historic agreement to reduce oil production by 1.2 million barrels per day, aiming to stabilize the market. Non-OPEC countries are expected to contribute an additional 600,000 barrels per day cut. The agreement's future will be reviewed in six months. The meetings demonstrated OPEC's cohesion and relevance in the 21st century.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was discussed regarding the potential extension of the deal during the next OPEC meeting?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges were highlighted about the OPEC meetings and the decision-making process?

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