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BofA Merrill Lynch Commodities Research

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HOUSE_OVERSIGHT_016149.jpg

This document is page 39 of a Merrill Lynch financial research report ('GEMs Paper #26') dated June 30, 2016. It analyzes Saudi Arabia's energy sector, specifically the challenges of meeting gas production targets via the Wasit project and the implications of the National Transformation Program (NTP) on equity strategies. The document contains charts regarding Saudi oil demand and natural gas consumption and bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a congressional investigation.

Financial research report
2025-11-19
Analysis Source

HOUSE_OVERSIGHT_016148.jpg

This document is page 38 of a Merrill Lynch commodities research report (GEMs Paper #26) dated June 30, 2016. It analyzes global oil consumption, OPEC capacity growth, and geopolitical risks, with a specific focus on Saudi Arabia's crude production strategy and spare capacity. The document bears the Bates stamp 'HOUSE_OVERSIGHT_016148', indicating it was produced as evidence for a Congressional House Oversight investigation, likely related to financial records subpoenas involving major banks.

Financial research report / market analysis
2025-11-19
Analysis Source

HOUSE_OVERSIGHT_016147.jpg

This document is page 37 of a Merrill Lynch 'GEMs Paper #26' dated June 30, 2016. It contains a financial analysis of global oil markets, specifically Brent crude prices, non-OPEC production reduction, shale output forecasts, and OPEC supply requirements through 2020. While the content is strictly macroeconomic analysis, the 'HOUSE_OVERSIGHT_016147' stamp indicates this document was part of a subpoenaed production to the House Oversight Committee, likely related to investigations into financial institutions (such as Merrill Lynch/Bank of America) and their records, potentially connected to the broader Epstein financial inquiry.

Financial research report / congressional oversight document
2025-11-19
Analysis Source
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