VOICED : OPEP y sus socios prorrogan nueve meses los recortes de petroleo

OPEC and its partners have agreed to extend oil production cuts for nine months until March 2018. They considered deeper cuts if necessary, analyzing various contingencies and the impact of non-member countries. Despite these efforts, the cuts have not significantly reduced oil inventories or increased prices, which remain around $50 per barrel, far from the $100 mark of three years ago. The agreement, driven by Saudi Arabia and Russia, aims to counteract the growing competition from the United States.

What was the duration for which OPEC and its partners agreed to extend the oil production cuts?

• Twelve months

• Nine months

• Six months

• Eighteen months

What was one of the main reasons OPEC decided to extend the production cuts?

• To increase oil prices to $100 per barrel

• To counteract competition from the United States

• To increase oil demand in Europe

• To reduce production costs

What has been the approximate price of oil per barrel in recent months according to the transcript?

• $30

• $50

• $100

• $70

How many OPEC member countries were involved in the historic agreement on production cuts?

• 10

• 11

• 13

• 15

Which two countries led the historic agreement on production cuts?

• United States and Canada

• Brazil and Mexico

• Saudi Arabia and Russia

• China and India