# Saudi oil minister says no 'free rides' for non-OPEC producers

> Saudi Oil Minister Khalid al-Falih said non-OPEC countries including Russia and Kazakhstan must contribute to the production cut and cannot take free rides. The 1.8 mbd pact was intended to bring supply closer to demand.

- Date: 2017-03-07 · published 2017-03-07T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/71901-saudi-oil-minister-says-no-free-rides-for-non-opec-producers
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Pressure on non-OPEC members to deliver their cuts supports the compliance case, but disputes over enforcement add uncertainty about whether the deal will be extended.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-09-09 | [New Saudi energy minister urges producers to share burden \| AP News](https://feedsoft.ai/events/57007-new-saudi-energy-minister-urges-producers-to-share-burden-ap-news.md) | -1.1% | -4.3% |
| BRENT | 2022-10-31 | [OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg](https://feedsoft.ai/events/39056-opec-says-supply-surplus-was-main-reason-for-oil-production-cut-bloomberg.md) | +4.0% | -12.3% |
| 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 | 2026-10-05 | [OPEC 7 Reveal Production Plan for November](https://feedsoft.ai/events/17058-opec-7-reveal-production-plan-for-november.md) | -0.9% | +2.2% |
| BRENT | 2024-10-02 | [OPEC+ Makes No Changes to Plans for Reviving Oil Production \| Financial Post](https://feedsoft.ai/events/27769-opec-makes-no-changes-to-plans-for-reviving-oil-production-financial-post.md) | +4.4% | -4.5% |
| WTI | 2019-09-09 | [New Saudi energy minister urges producers to share burden \| AP News](https://feedsoft.ai/events/57007-new-saudi-energy-minister-urges-producers-to-share-burden-ap-news.md) | -3.0% | -6.5% |
| WTI | 2022-10-31 | [OPEC Says Supply Surplus Was Main Reason for Oil Production Cut - Bloomberg](https://feedsoft.ai/events/39056-opec-says-supply-surplus-was-main-reason-for-oil-production-cut-bloomberg.md) | +5.4% | -12.2% |
| WTI | 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) | -1.9% | +10.3% |

## Sources

- reuters.com: https://www.reuters.com/article/business/saudi-oil-minister-says-no-free-rides-for-non-opec-producers-idUSKBN16E20X/

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