Oil Below $40 - World Overflowing in Oil - And the Mermaid is Sinking, page-8

Would be interesting to see if Saudi reversed their stance on defending market share. Threw a few numbers together. And essentially if they dropped production by 1mil/day they would be better off when Brent hit $49.06 which is not a hard ask really. So the notion they have to keep pumping to prevent a budget blowout is rubbish.