[Zhang Fei]

Note that is not break even price to produce their oil, but break even price to match their government spending.

Break-even at current output levels. Could they just pump more oil?

[thackney]

OPEC has a bit more than 2 million BPD surplus capacity, most of that is in Saudi.

Of course trying to put more oil on the market today will just drive the price lower, a lot lower. Iraq claims they are doing it anyways.