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People
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Organizations
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Locations
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Events
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Relationships
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Quotes

Document Information

Type: Presentation slide / financial report
File Size: 1.12 MB
Summary

This document is a presentation slide (page 14) from the Goldman Sachs Investment Management Division, bearing a House Oversight Committee Bates stamp. It provides a macroeconomic analysis of global oil production as of roughly April 2019, arguing that spare production capacity is adequate due to US growth and the ability of OPEC nations (Saudi Arabia, UAE, Kuwait, Iraq) to increase production if necessary. While stamped as part of a House Oversight investigation (likely related to document productions involving financial institutions), the content itself is purely market analysis and contains no direct references to individuals.

Timeline (1 events)

Late 2018
OPEC cut production to reduce oversupply and arrest oil price decline
Global

Locations (7)

Key Quotes (3)

"US oil production growth has matched or exceeded global demand growth over the past year, providing ample supplies to the market."
Source
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Quote #1
"OPEC production could be increased back to 2018 highs if the market faced a shortage."
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Quote #2
"Doing so would add 1.7 million b/d from main Middle Eastern OPEC members – more than Iran’s current export levels of around 0.5 million b/d."
Source
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Quote #3

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