VOICED : OPEP+ mantiene niveles de producción de petróleo en un contexto inestable

OPEPMAS, led by Saudi Arabia, will maintain its oil production levels despite upcoming sanctions on Russian oil. The group decided to continue with a reduction of two million barrels per day until the end of 2023 to stabilize prices. This decision was initially opposed by the U.S., which aimed to lower fuel prices. Since the Ukraine invasion, global oil prices have decreased significantly. Russia is upset with the EU, G7, and Australia's decision to cap its oil prices, threatening to halt deliveries to compliant countries. An embargo on Russian oil to the EU is also set to begin. China's easing of COVID-19 restrictions, as a major oil importer, influences OPEPMAS's decisions. The organization is open to meeting before its next scheduled session in June 2023 if necessary.

What was the primary reason for OPEPMAS's decision to reduce oil production?

• To support the United States

• To comply with environmental regulations

• To stabilize oil prices

• To increase global oil supply

Which countries imposed a price cap on Russian oil?

• United States and Canada

• OPEPMAS members

• European Union, G7, and Australia

• China and India

What was Russia's reaction to the oil price cap?

• Joined the price cap agreement

• Threatened to stop deliveries to compliant countries

• Lowered oil prices

• Increased oil production

How might China's relaxation of COVID-19 restrictions affect the oil market?

• Increase in oil supply

• No impact on oil demand

• Increase in oil demand

• Decrease in oil demand

When is the next scheduled meeting of OPEPMAS?

• December 2023

• March 2023

• April 2023

• June 2023