OPEC breakevens go far beyond simply paying to service wells
As OPEC prepares for its 173rd regular meeting this week, individual member countries must decide what oil price they really need.

OPEC countries all use the revenue from oil and gas production to fund sometimes massive social programs. These programs, in theory, are the OPEC countries’ toss of a bone to their citizens. It’s their piece of the benefits from oil and gas production.

But then came the oil price downturn of 2014. That forced OPEC member governments to cut programs ...

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