Experts Views on OPEC+ Decision to Cut Oil Production

    TRENDS Research and Advisory Center extends its greetings to you and invites you to participate in this opinion poll about the OPEC+ decision to cut oil production by 2 million bpd starting in November 2022. We would like to know your opinion on the objectives of this decision and its potential repercussions on world economy and security; and the responses of consuming countries and how they possibly affect the OPEC+ members, and the regional players.

    Gender
    MaleFemale
    Nationality
    Age
    Specialization
    Political researcherSecurity/military researcherEconomic researcherOther (please specify)
    1- In your opinion, what is/are the justification(s) for the OPEC+ decision on 5 October 2022 to cut oil production?
    Economic justificationPolitical justificationBoth
    2- In your view, what are the reasons for the decision to cut oil production?
    To maintain the stability of prices in the oil marketTo boost oil pricesAn expected reduction in oil demandOther (please specify)
    3- In your opinion, what are the immediate effects of the decision to cut oil production on OPEC countries?
    Rising inflation globallyServing the Russian interestHarming the interests of Western countriesThere will be no effectsOther (please specify)
    4- In your view, what are the medium-term repercussions of the decision to cut oil production on the OPEC countries?
    Western countries may take actions to harm the interests of the influential members of OPECWestern countries, especially the United States, may scale down its military and security cooperation with the Arab Gulf countriesThere will be no repercussionsOther (please specify)
    5- Does the decision to cut oil production reflect the independence of OPEC decisions, especially those of the influential members?
    Yes, it reflects the independence of the organizationNo, it doesn’t reflect the independence of the organizationOther (please specify)
    6- To what extent will the decision affect the United States domestically in terms of the following?
     
    To very significant extentTo significant extentTo medium extentTo little extentTo very little extent
    Mid-term elections
    To very significant extentTo significant extentTo medium extentTo little extentTo very little extent
    Exacerbated inflation
    To very significant extentTo significant extentTo medium extentTo little extentTo very little extent
    Intensified conflict between the two parties
    To very significant extentTo significant extentTo medium extentTo little extentTo very little extent
    Decline of popularity of President Biden
    To very significant extentTo significant extentTo medium extentTo little extentTo very little extent
    7- Do you think that the America reaction to the decision was excessive?
    YesSlightlyNo
    8- What are your expectations for oil prices in the near term?
    They will rise sharplyThey will riseThe will remain unchangedThey will decrease
    9- Beside the Russian-Ukrainian war, what are the other factors that affect price levels?
    Iran’s nuclear programConflict in LibyaLevel of Chinese oil demandOther (please specify)
    10- In general, do you think the decision to cut oil production was fair?
    YesTo some extentNo