Business English Lite | OPEC meeting agrees to cut production OPEC、原油減産で同意

2018/12/13

OPEC meeting agrees to cut production OPEC、原油減産で同意

After two days of tough negotiations in Vienna, the Organization of the Petroleum Exporting Countries (OPEC) finally achieved a breakthrough: the group and its allies agreed to remove 1.2 million barrels a day from the market.

Following the news, crude prices increased by 5.8% in London. Global Brent prices are expected to climb to $70 a barrel. This development will not please U.S. President Donald Trump, who wanted the Middle Eastern oil countries to maintain high production and thus restrain oil prices.

Russia, a non-OPEC country, had a significant role to play in achieving the agreement in Vienna. Russia mediated between Saudi Arabia and Iran, both of whom share an unpleasant relationship. It was agreed that oil producers would refer to the October output levels as the baseline for cuts. The deal will be reviewed in April 2019.

Over the last two years, the character of OPEC has changed substantially. In 2016, Russia and Saudi Arabia ended their differences and started to work together to improve the oil market. In the process, Russia has begun to assert its power very strongly.

Key Vocabularies :

breakthrough [noun] 進歩、突破口。さらに進歩を可能にする大きな達成, ally [noun] 同盟国。特定の活動で協力しあう人または組織, restrain [verb] 抑える。何かを制限すること, mediate [verb] 仲介する、仲裁する。意見の異なる2つの別々の人々または集団が問題の解決策を見つけるように支援すること, unpleasant [adj] 好ましくない。同意できない、あるいは面白くない,

Quiz

本文の内容や単語について問う問題です。問題は全部で5問あります。是非チャレンジしてみて下さい。

1. The member countries decided to increase oil production.

2. Russia and other non-OPEC countries decided not to export oil.

3. Oil producing countries decided to reduce output.

4. It was decided to keep oil prices low.

1. 20%.

2. 5.8%.

3. 30%.

4. 10.8%.

1. $80.

2. $70.

3. $90.

4. $65.

1. Sell.

2. Exchange.

3. Discuss.

4. Assign.

1. please.

2. plead.

3. place.

4. pass.

1. It has weakened further.

2. Some members have left the group.

3. It has allowed Russia to have a powerful influence.

4. All of the above.

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OPEC meeting agrees to cut production OPEC、原油減産で同意

Quiz

1.
What was the result of the OPEC meeting?

2.
Crude prices increased by ___ in London.

3.
Following the OPEC agreement, oil prices could increase to __ a barrel.

4.
OPEC achieved a breakthrough after two days of negotiations.
In this sentence, the word negotiate is closest in meaning to

5.
These developments will not ___ U.S. President Donald Trump.
Which of the following options would you use to complete the sentence?

6.
How has OPEC changed in recent years?

OPEC meeting agrees to cut production OPEC、原油減産で同意

Quiz

1. What was the result of the OPEC meeting?

2. Crude prices increased by ___ in London.

3. Following the OPEC agreement, oil prices could increase to __ a barrel.

4. OPEC achieved a breakthrough after two days of negotiations.In this sentence, the word negotiate is closest in meaning to

5. These developments will not ___ U.S. President Donald Trump.Which of the following options would you use to complete the sentence?

6. How has OPEC changed in recent years?

1.
What was the result of the OPEC meeting?

2.
Crude prices increased by ___ in London.

3.
Following the OPEC agreement, oil prices could increase to __ a barrel.

4.
OPEC achieved a breakthrough after two days of negotiations.
In this sentence, the word negotiate is closest in meaning to

5.
These developments will not ___ U.S. President Donald Trump.
Which of the following options would you use to complete the sentence?

6.
How has OPEC changed in recent years?