With the price of Brent crude trading in a narrow - and low - range since the covid crisis, now that we live in a work from home world where demand for gasoline, oil and energy is far less than before March... {chart} ... OPEC countries have been hurting greatly, because as the following summary chart from the EIA shows, Brent in the low $40s is well below the fiscal breakeven prices for most member of the oil-producing cartel (with the exception of Russian, Qatar and Mexico). {charts} Which is why we have been surprised at how patiently the world's biggest oil exporters have handled themselves since the pandemic ... (full story)