Activity nine

Read the text and choose the best answer

1. Paragraph 1 and 2 provide each of the following, except.

a) Emerging market and trade disputes can dent the demand.
b) The global oil demand will grow by 1,5 MMbbl/d in 2019.
c) World oil consumption will top 100 million barrels per day (MMbbl/d) in
the next 2 months.
d) The IEA forecast will not change.

2. Paragraph 3 and 4 provide each of the following, except.

a) Brent’s Price is between Sus. 70 – Sus. 80.
b) While falling Venezuelan output elsewhere happens the same.
c) Iran’s sanctions come into force in november.
d) Brent’s Price range is in place since April.

3. Paragraph 5 provide each of the following, except.

a) Trade disputes can be a risk for oil demand.
b) Currency depreciations against dollar that rises the imported energy is
also a risk for oil demand.
c) Currency depreciations against dollar that rises the imported energy
represent a total risk for oil demand.

4. Paragraph 6 provide each of the following, except.

a) The U.S. and China have imposed a series of fees on each other’s
goods.
b) A rising U.S. dollar has put emerging market currencies under preassure.
c) Energy bills raise for all of the world’s largest oil importers.

5. Paragraph 7 and 8 provide each of the following, except.

a) Global demand will hit a high of 100,3 MMbbl/d in the final quarter of
2018.
b) Nations that don’t belong to the OPEC are led by China and India.
c) Demand from China and India is expected to rise by 1,1 MMbbl/d to 51,6
MMbbl/d.
d) In 2019 global demand will moderate to 99,3 MMbbl/d.

6. Paragraph 9 provide each of the following, except.

a) Countries and companies will decide about Iranian oil purchase.
b) U.S. sanctions on Iran have their effects.
c) Venezuela’s situation is getting worse.
d) Other producers will increase their products.

7. Paragraph 10 and 11 provide each of the following, except.

a) The demand for crude from OPEC will moderate in the same way as the
same way as the crude from nations that don’t belong to the OPEC.
b) Iran is an OPEC member.
c) Crude output fell by 150000 bbl/d.
 d) The exports fell in May.

Answers

1. c

2. b

3. c

4. c

5. c

6. d

7. a