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Topic 159 · Answers

OPEC+ keeps output unchanged

All 10 answers, each with its Book 1 RATNA fact. Try the questions first

  1. Question 1Answer B

    How many OPEC+ producers met online on 4 January 2026?

    • Five
    • Correct answer: Eight
    • Seven
    • Eleven

    Core Trigger: Eight OPEC+ producers met online on 4 January 2026 and reaffirmed their pause on output increases.From Book 1 RATNA, topic 159, point 1

  2. Question 2Answer D

    Which reason did the producers cite for the output pause?

    • Rising US shale supply
    • Sanctions on Iran
    • Currency volatility
    • Correct answer: Seasonal demand

    Reason: They cited seasonal demand; the pause ran through the first quarter of 2026, January to March.From Book 1 RATNA, topic 159, point 2

  3. Question 3Answer B

    Who is OPEC's Secretary General?

    • Mohammad Barkindo
    • Correct answer: Haitham Al Ghais
    • Abdalla El-Badri
    • Alvaro Silva Calderon

    Current Head: OPEC's Secretary General is Haitham Al Ghais of Kuwait.From Book 1 RATNA, topic 159, point 3

  4. Question 4Answer A

    Consider: 1. Oman took part in the 4 January 2026 meeting. 2. Iran took part in it. Which is/are correct?

    • Correct answer: Only 1
    • Only 2
    • Both 1 and 2
    • Neither

    Members Present: Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman took part in the meeting.From Book 1 RATNA, topic 159, point 4

  5. Question 5Answer C

    Which period did the OPEC+ pause on output increases cover?

    • 1 January to 30 June 2026
    • 1 April to 30 June 2026
    • Correct answer: 1 January to 31 March 2026
    • 1 January to 31 December 2026

    Timeframe: The first quarter covers three months, 1 January to 31 March 2026; no output increases were scheduled.From Book 1 RATNA, topic 159, point 5

  6. Question 6Answer D

    Which trio are allied non-OPEC producers in OPEC+?

    • Saudi Arabia, Iraq and Kuwait
    • Algeria, UAE and Kuwait
    • Iran, Libya and Nigeria
    • Correct answer: Russia, Kazakhstan and Oman

    Wider Group: OPEC+ combines OPEC members with allied non-OPEC producers such as Russia, Kazakhstan and Oman.From Book 1 RATNA, topic 159, point 6

  7. Question 7Answer C

    Where is OPEC headquartered?

    • Geneva
    • Riyadh
    • Correct answer: Vienna
    • Baghdad

    Headquarters: OPEC is headquartered in Vienna, Austria.From Book 1 RATNA, topic 159, point 8

  8. Question 8Answer B

    On which date was OPEC founded at Baghdad?

    • 14 September 1962
    • Correct answer: 14 September 1960
    • 4 January 1960
    • 14 September 1965

    Founded: OPEC was founded at Baghdad on 14 September 1960; OPEC+ dates from the 2016 Declaration of Cooperation.From Book 1 RATNA, topic 159, point 9

  9. Question 9Answer D

    The 2016 Declaration of Cooperation brought which producers into joint output management?

    • Only Gulf Arab producers
    • Only African OPEC members
    • Only Latin American members
    • Correct answer: Allied non-OPEC producers

    Landmark: The 2016 Declaration of Cooperation, agreed in December 2016, brought non-OPEC producers into joint output management.From Book 1 RATNA, topic 159, point 10

  10. Question 10Answer B

    Consider: 1. OPEC was registered with the United Nations in 1952. 2. A cartel coordinates output or quotas to influence price. Which is/are correct?

    • Only 1
    • Correct answer: Only 2
    • Both 1 and 2
    • Neither

    Legal Status: OPEC was registered with the United Nations Secretariat in November 1962 as an intergovernmental organisation.From Book 1 RATNA, topic 159, point 11

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