Deutsche Bank Markets Research • US Integrated Oils F.I.T.T. for investors The "Other" 40 Million Barrels a Day and the Call on US Crude Growth Date 31 May 2015 North America United States Industrials Integrated Oil Hyatt [odd !v.:4 Crnuram Research Analyst Researdi Analyst 1+11212

Markets Research North America United States Industrials Integrated Oil Industry US Integrated Oils The "Other" 40 Million Barrels a Day and the Call on US Crude Growth The Coming Highs & Lows of Non-OPEC Production (and what It means for US) While significant attention has been dedicated to the analysis of the US