Saudi Arabia assumed an essential position in the oil markets from 1974 to 1985. However, in 1985 Saudi Arabia abandoned its swing producer mantle. Since 1987, Saudi Arabia has maintained its share of the market. With the decline in OPEC’s spare capacity, and the low growth of non-OPEC supply,  Because Saudi Arabia has a high reserve/output ratio, it aims to maintain a stable oil price to keep oil competitive over the long term, to preserve its initiative in OPEC’s pricing objectives, and to assert its power in the market.