Resurgence of Virus Outbreak in China Darkens Oil Demand Outlook

Resurgence of Virus Outbreak in China Darkens Oil Demand Outlook

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the impact of rising US oil supply and a resurgence of COVID-19 on oil demand. It highlights recent fluctuations in oil prices, with West Texas Intermediate and Brent crude experiencing volatility. The International Energy Agency predicts a rebound in oil demand next year, but recovery to pre-crisis levels may take years. OPEC has cut production to stabilize the market, with Saudi oil exports to the US at a 35-year low. Traders anticipate market volatility due to inventory data and COVID-19 cases in Florida and Texas.

Read more

2 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the text suggest about the recovery of oil demand to pre-crisis levels?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the implications of Saudi oil exports to the US being at their lowest level in 35 years.

Evaluate responses using AI:

OFF