VOICED : OPEP y sus aliados prolongan recortes de producción petrolífera durante julio

OPEC and its allies decided to maintain oil production cuts in July to support market prices, reducing output by 9.6 million barrels daily, slightly less than in previous months. This decision was influenced by Mexico's resistance to further cuts. The initial agreement in April aimed to reduce global supply by 10% due to the pandemic. Despite internal divisions, the cuts have raised oil prices to around $40 per barrel in June. The pandemic has led to historically low oil prices, with Brent dropping below $15 and West Texas Intermediate turning negative. As global lockdowns ease, oil consumption remains below pre-crisis levels, which were already lower than supply.

What was the main reason for OPEC and its allies to maintain production cuts in July?

• To increase global oil supply

• To compete with renewable energy sources

• To reduce environmental impact

• To support market prices

How many barrels per day did OPEC decide to cut in July compared to May and June?

• 100,000 more

• 200,000 less

• 200,000 more

• 100,000 less

What percentage of the global oil supply was withdrawn from the market as per the April 12 agreement?

• 5%

• 20%

• 10%

• 15%

What was the approximate price of oil per barrel at the beginning of June?

• $50

• $30

• $40

• $20

What was the historic low price for Brent crude on April 20?

• $10

• $15

• $20

• $25