OPEC+ to Consider Output Cut of More Than 1 Million Barrels

OPEC+ to Consider Output Cut of More Than 1 Million Barrels

Assessment

Interactive Video

Business, Architecture, Engineering

University

Hard

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The video discusses the dynamics of the oil market, focusing on OPEC's view that oil prices are disconnected from actual supply and demand. OPEC is considering significant production cuts to stabilize or increase prices. The video also explores the geopolitical relations within OPEC Plus, especially between Riyadh and Moscow, amid the Ukraine war. Additionally, it highlights global reactions, such as potential price caps on Russian oil imports, and the implications of these strategies on the market.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the relationship between OPEC plus and Russia in the context of the Ukraine war. Has it changed?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences of removing Russian oil supply from the market during OPEC plus discussions?

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