SamudraManthanHow many OPEC+ producers met online on 4 January 2026?
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Answer: (B) Eight
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
Topic 159 · Economy, Budget & Banking
OPEC+ keeps output unchanged
Revise the 12 points first Book 1 RATNA
- Core Trigger: Eight OPEC+ producers met online on 4 January 2026 and reaffirmed their pause on output increases.
- Reason: They cited seasonal demand; the pause ran through the first quarter of 2026, January to March.
- Current Head: OPEC's Secretary General is Haitham Al Ghais of Kuwait.
- Members Present: Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman took part in the meeting.
- Timeframe: The first quarter covers three months, 1 January to 31 March 2026; no output increases were scheduled.
- Wider Group: OPEC+ combines OPEC members with allied non-OPEC producers such as Russia, Kazakhstan and Oman.
- India Link: India imports about 90 per cent of its crude, so output decisions affect its import bill and inflation.
- Headquarters: OPEC is headquartered in Vienna, Austria.
- Founded: OPEC was founded at Baghdad on 14 September 1960; OPEC+ dates from the 2016 Declaration of Cooperation.
- Landmark: The 2016 Declaration of Cooperation, agreed in December 2016, brought non-OPEC producers into joint output management.
- Legal Status: OPEC was registered with the United Nations Secretariat in November 1962 as an intergovernmental organisation.
- Doctrine: A cartel is a group of producers coordinating output or quotas to influence price in a market.
Which reason did the producers cite for the output pause?
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Answer: (D) 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
Who is OPEC's Secretary General?
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Answer: (B) Haitham Al Ghais
Current Head: OPEC's Secretary General is Haitham Al Ghais of Kuwait.From Book 1 RATNA, topic 159, point 3
Consider: 1. Oman took part in the 4 January 2026 meeting. 2. Iran took part in it. Which is/are correct?
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Answer: (A) Only 1
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
Which period did the OPEC+ pause on output increases cover?
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Answer: (C) 1 January to 31 March 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
Which trio are allied non-OPEC producers in OPEC+?
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Answer: (D) 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
Where is OPEC headquartered?
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Answer: (C) Vienna
Headquarters: OPEC is headquartered in Vienna, Austria.From Book 1 RATNA, topic 159, point 8
On which date was OPEC founded at Baghdad?
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Answer: (B) 14 September 1960
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
The 2016 Declaration of Cooperation brought which producers into joint output management?
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Answer: (D) 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
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?
Show answer
Answer: (B) Only 2
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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