HISTORY
THE WORLD TODAY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The global demand for crude oil (including biofuels) in 2022 amounted to 99.57 million barrels per day and it is projected to increase to 101.89 million barrels per day in 2023.
Detailed explanation-2: -The reason oil prices jumped by more than 7% in early London trading was that members of the Opec+ cartel agreed a surprise cut in production over the weekend. The move, led by Saudi Arabia, will take effect next month and will reduce the supply of crude by more than 1m barrels a day.
Detailed explanation-3: -Angola facts and figures Located on the Atlantic coast in the southern part of Africa, the Republic of Angola is the second largest oil producer in Africa.
Detailed explanation-4: -The top five crude oil-producing states and their percentage shares of total U.S. crude oil production in 2021 were: Texas42.4% New Mexico11.1% North Dakota9.9% Alaska3.9% Colorado3.7%