Saudi Arabia cannot escape destiny as swing producer: Kemp

After 175 past neutral policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (45% higher; middle half -3.6% to +3.0%), and +0.7% over 20.

• Feb 21, 2019Column: Saudi Arabia resumes familiar role as swing producer-1.5%
• May 30, 2018Saudi Arabia, OPEC and non-OPEC producers to continue cooperation until end of 2018 - Reuters — Octa-1.1%
• Aug 2, 2017OPEC, Saudi Arabia, and Sanctions Update: Connecting the Dots+0.9%
• Feb 19, 2021Saudi Arabia and Russia at odds before crucial OPEC meeting+4.3%
• Mar 7, 2017Saudi oil minister says no 'free rides' for non-OPEC producers-8.4%

After 187 past neutral policy events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -4.0% to +3.5%), and +0.1% over 20.

• May 30, 2018Saudi Arabia, OPEC and non-OPEC producers to continue cooperation until end of 2018 - Reuters — Octa-1.9%
• Aug 2, 2017OPEC, Saudi Arabia, and Sanctions Update: Connecting the Dots-0.2%
• Feb 19, 2021Saudi Arabia and Russia at odds before crucial OPEC meeting+5.0%
• Mar 7, 2017Saudi oil minister says no 'free rides' for non-OPEC producers-9.6%
• Sep 9, 2019New Saudi energy minister urges producers to share burden | AP News-3.0%