VOICED : Jefe de OPEP: Cooperacion con paises miembros es vital

The Organization of the Petroleum Exporting Countries (OPEC) has called for increased coordination among member and non-member countries to address the instability of global oil prices. In September, OPEC members reached an unexpected agreement to cut crude production for the first time in eight years. The organization projects a rise in oil demand from 93 million barrels per day in 2015 to over 109 million by 2040, necessitating significant investments. Over the past two years, oil prices have fallen by 60% due to oversupply, with current prices around $45 per barrel.

What was the main reason OPEC called for increased coordination among countries?

• To reduce environmental impact

• To promote renewable energy

• To stabilize global oil prices

• To increase oil production

What significant action did OPEC members take for the first time in eight years?

• Introduced new oil drilling technology

• Agreed to cut crude production

• Banned non-member countries from meetings

• Increased oil production

By how much is the oil demand expected to increase from 2015 to 2040 according to OPEC projections?

• From 100 million to 120 million barrels daily

• From 80 million to 95 million barrels daily

• From 93 million to 109 million barrels daily

• From 93 million to 100 million barrels daily

What percentage of its value has oil lost over the past two years?

• 60%

• 40%

• 50%

• 30%

What is the current approximate price of oil per barrel?

• $60

• $75

• $45

• $30