Late 2018
OPEC cut production to reduce oversupply and arrest oil price decline
| Name | Type | Mentions | |
|---|---|---|---|
| OPEC | organization | 32 | View Entity |
HOUSE_OVERSIGHT_026958.jpg
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.
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