From a look at few years ago, most of the oil producers in the Middle East needed from about $85 to $95 dollars per barrel to break even.
I am skeptical of those numbers. I'm not sure if those numbers are based on current Vs. historic value of the dollar or what. But that seems extremely high. I would think that number would be closer to $45 or $50/ barrel. But I'm no expert. Do you have any source recommendation for that?
The 95 to 115 range bandied about is not production cost; but, attributed toward needed revenue to dispense thus maintaining political stability.