OPEC oil crisis 2020: US position
OPEC Oil Crisis Quiz: Test Your Knowledge
Dive into the complex world of oil production and prices with our engaging quiz on the OPEC oil crisis of 2020. Challenge yourself with questions that cover key concepts and reactions regarding crude oil production and pricing mechanisms.
- Understand the implications of rising US crude oil production
- Learn about innovative environmental programs like Rigs-to-Reefs
- Explore the factors leading to negative oil prices
If U.S. Crude oil production rises, what will happen to OPEC+?
OPEC+ oil shares will decrease
OPEC+ oil shares will rise
OPEC+ oil shares won't change
What was the name of the saving reefs programme?
Rings-for-Reefs
Rigs-to-Reefs
Rise-to-Reefs
How actually is the oil price set?
Current supply, future supply and demand
Demand, supply and current stage
Quantity & price
How it is possible that the oil price is negative?
Running out of oil storage
Pay someone to buy the oil
Huge overproduction in market
All answers are correct
How Saudi Arabia reacted on Russia's refusal on reducing prices? Mark the correct answer/answers.
Saudi Arabia left OPEC
Increase production by three million barrels a day
It flooded the market
All answers are correct
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