# OPEC+ issues new plan for oil cuts to compensate for overproduction | Reuters

> OPEC+ issued a new plan to compensate for past overproduction, with monthly cuts of 189,000 to 435,000 bpd scheduled through June 2026. The group's existing cuts total about 5.7% of global supply.

- Date: 2025-03-20 · published 2025-03-20T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25490-opec-issues-new-plan-for-oil-cuts-to-compensate-for-overproduction-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Required compensation cuts tighten the supply outlook over the next 15 months, which is supportive for crude prices. Firmer energy prices raise costs for fertilizer, diesel and freight.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-09-17 | [OPEC+ JMMC agrees to extend compensation period for overproduction till year-end – Reuters — Octa](https://feedsoft.ai/events/51055-opec-jmmc-agrees-to-extend-compensation-period-for-overproduction-till-year-end.md) | -0.6% | +1.9% |
| WTI | 2022-10-15 | [OAPEC Sec Gen says OPEC+ decision to cut oil production 'correct' \| Reuters](https://feedsoft.ai/events/39062-oapec-sec-gen-says-opec-decision-to-cut-oil-production-correct-reuters.md) | -0.7% | +3.7% |
| WTI | 2024-05-30 | [OPEC+ working on complex production cut deal for 2024-2025, sources say \| Reuters](https://feedsoft.ai/events/30158-opec-working-on-complex-production-cut-deal-for-2024-2025-sources-say-reuters.md) | -6.5% | +3.4% |
| WTI | 2020-09-17 | [Oil reverses losses to gain 2% as OPEC urges compliance with production cuts](https://feedsoft.ai/events/51278-oil-reverses-losses-to-gain-2-as-opec-urges-compliance-with-production-cuts.md) | -0.6% | +1.9% |
| WTI | 2020-08-19 | [OPEC+ leaders push to maintain production cuts as oil recovery slows](https://feedsoft.ai/events/51534-opec-leaders-push-to-maintain-production-cuts-as-oil-recovery-slows.md) | +0.8% | -6.3% |
| BRENT | 2020-09-17 | [OPEC+ JMMC agrees to extend compensation period for overproduction till year-end – Reuters — Octa](https://feedsoft.ai/events/51055-opec-jmmc-agrees-to-extend-compensation-period-for-overproduction-till-year-end.md) | -0.7% | +2.0% |
| BRENT | 2022-10-15 | [OAPEC Sec Gen says OPEC+ decision to cut oil production 'correct' \| Reuters](https://feedsoft.ai/events/39062-oapec-sec-gen-says-opec-decision-to-cut-oil-production-correct-reuters.md) | +0.8% | +4.6% |
| BRENT | 2024-05-30 | [OPEC+ working on complex production cut deal for 2024-2025, sources say \| Reuters](https://feedsoft.ai/events/30158-opec-working-on-complex-production-cut-deal-for-2024-2025-sources-say-reuters.md) | -6.8% | +3.6% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-issues-new-plan-oil-cuts-compensate-overproduction-2025-03-20/

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