# Column: Saudi Arabia resumes familiar role as swing producer

> A Reuters column says Saudi Arabia is returning to its traditional role as swing producer within the OPEC+ group. The enlarged group agreed to cut 1.2 million bpd in the first half of 2019, split between OPEC and Russia-led allies.

- Date: 2019-02-21 · published 2019-02-21T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/60518-column-saudi-arabia-resumes-familiar-role-as-swing-producer
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Saudi willingness to adjust output to balance the market limits downside risk to crude, though the column itself adds little new supply data.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-02-01 | [Saudi Arabia cannot escape destiny as swing producer: Kemp](https://feedsoft.ai/events/72412-saudi-arabia-cannot-escape-destiny-as-swing-producer-kemp.md) | -1.9% | -1.8% |
| BRENT | 2018-05-30 | [Saudi Arabia, OPEC and non-OPEC producers to continue cooperation until end of 2018 - Reuters — Octa](https://feedsoft.ai/events/64940-saudi-arabia-opec-and-non-opec-producers-to-continue-cooperation-until-end-of.md) | -1.1% | -0.0% |
| BRENT | 2017-03-07 | [Saudi oil minister says no 'free rides' for non-OPEC producers](https://feedsoft.ai/events/71901-saudi-oil-minister-says-no-free-rides-for-non-opec-producers.md) | -8.4% | -5.0% |
| BRENT | 2017-08-02 | [OPEC, Saudi Arabia, and Sanctions Update: Connecting the Dots](https://feedsoft.ai/events/69363-opec-saudi-arabia-and-sanctions-update-connecting-the-dots.md) | +0.9% | +0.2% |
| BRENT | 2021-02-19 | [Saudi Arabia and Russia at odds before crucial OPEC meeting](https://feedsoft.ai/events/48552-saudi-arabia-and-russia-at-odds-before-crucial-opec-meeting.md) | +4.3% | -2.1% |

## Sources

- reuters.com: https://www.reuters.com/article/idUKKCN1QA1AO/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.