Question: Knowledge Check ? Click on the Bloomberg Terminal screen to view the OPEC function. How would you describe the trend of total monthly estimated OPEC


Knowledge Check ? Click on the Bloomberg Terminal screen to view the OPEC function. How would you describe the trend of total monthly estimated OPEC crude production? It's mostly decreasing It's mostly stable It's mostly increasing It's slightly increasing Submit Answer WTI CRUDE FUTURE May20 Comdty OPEC - Related Functions Menu Message * [? 34000 -10 32000 30000 28000 98) News Basket Price USD/bbl Production ('000 b/d) Total OPEC Algeria Angola Congo, Republic Equatorial Guinea Gabon Iran Iraq Kuwait Libya Nigeria Saudi Arabia U.A.E. Venezuela 99) Feedback Estimated Monthly OPEC Oil Production 43.44 as of 7/8 Data Source O Bloomberg Energy Intelligence Group June May Chg Capacity 11 Total Monthly Estimated OPEC Crude Production 22,620 24,550 -1,930 34,035 Track Zoom 810 820 1,080 1,240 1,270 -30 1,450 300 290 +10 330 130 100 +30 150 220 190 +30 220 1,940 1,950 -10 3,830 3,910 4,210 -300 4,800 OPCRTOTL Index - OPEC Total Crude ('000 bbl/day) 22620.00 2,150 2,290 -140 3,075 110 90 +20 1,300 2019 1,510 1,630 -120 2,000 Total Monthly Estimated OPEC Crude Production 7,530 8,660 -1,130 11,500 2,430 2,500 -70 3,400 340 550 -210 900 Nigeria: 1510.00 -26000 24000 22620.00 22W 2017 2018 2020 Saudi Arabia 7530.00 Saudi Arabia 33.3% Spare Capacity = Capacity - Production ('000 b/d) Iran: 1940.00 Iran: 8.6% 4000 3000- Iraq UAE 10.7% 17.3% Kuwait 2150.00 2000- 1000 UAE: 2430.00 Iraq 3910.00 0 Iraq Libya UAE. OPEC
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