Algeria's OPEC Deal Called "Strategic Turning Point" for Oil Market
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The president of Algeria met with an important oil leader. This leader works for OPEC. OPEC is a big group of oil countries. The leader is the Secretary General of OPEC. He talked about Algeria's deal with OPEC. He called it a "strategic turning point." This means it is a very important change. It is important for the world oil market. A market is a place where people buy and sell things. Oil is a natural resource. Many countries use oil for energy.
Algeria's energy minister also met the OPEC leader. His name is Mohamed Arkab. They talked about oil market developments. Developments means new changes or events. They discussed how the oil market is changing. Algeria is a member of OPEC. OPEC countries work together on oil. They decide how much oil to sell. This helps control oil prices around the world.
Vocabulary15 words
- president
- the leader of a country
- OPEC
- a group of countries that sell oil together
- Secretary General
- the top leader of a big organization
- strategic
- very important for future plans
- market
- a place where people buy and sell things
- resource
- something useful that comes from nature
- developments
- new changes or events
- minister
- an important person who leads part of a government
- energy
- power used to make things work
- member
- a person or country that belongs to a group
- agreement
- when two sides say yes to the same plan
- global
- about the whole world
- meeting
- when people come together to talk
- country
- a nation with its own government
- oil
- a liquid used to make fuel and energy
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Quiz
Answer key
1. The Secretary General of OPEC 2. A strategic turning point 3. Oil market developments
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
The _____ of Algeria met with an important oil leader.
This leader works for _____.
OPEC is a big group of oil _____.
He talked about Algeria's _____ with OPEC.
He called it a "_____ turning point."
It is important for the world oil _____.
Algeria's energy _____ also met the OPEC leader.
They talked about oil market _____.
Algeria is a _____ of OPEC.
OPEC countries work together on _____.
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