If it's worth saying, but not worth its own post (even in Discussion), then it goes here.
Notes for future OT posters:
1. Please add the 'open_thread' tag.
2. Check if there is an active Open Thread before posting a new one. (Immediately before; refresh the list-of-threads page before posting.)
3. Open Threads should be posted in Discussion, and not Main.
4. Open Threads should start on Monday, and end on Sunday.
Saudi Arabia flooded the market in order to reduce the price, in order to combat the benefit to Iran of the raising of sanctions.
Their oil production didn't rise that much. They didn't really flood the market. They mainly decided not to cut their production.