7 0.2 0.20 | (1.0) + / 6 0.1 0.1 (1.5) J Lo5 0.00 T j ; j T Jan-13 Aug-13 Mar-14 Oct-14 May-15 Dec-15 Jul-16 Feb-17 Sep-17 Apr-18 Nov-18 lrag Kuwait Saudi UAE = US oil production growth has matched or exceeded global demand growth over the past year, providing ample supplies to the market. = In fact, OPEC