# OPEC JMMC asks members to maintain status quo on production quotas

> The OPEC+ JMMC asked member countries to keep their current production quotas unchanged. The committee reported 102% conformity to output limits in August and urged countries that overproduced to compensate for the excess. It also backed extending the compensation period to the end of the year.

- Date: 2020-09-18 · published 2020-09-18T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/51057-opec-jmmc-asks-members-to-maintain-status-quo-on-production-quotas
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Holding quotas steady keeps the supply cut in place, which supports crude prices. The direct effect on feed ingredients is limited.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-03-09 | [OPEC+ seven agree to maintain November production levels](https://feedsoft.ai/events/65936-opec-seven-agree-to-maintain-november-production-levels.md) | +1.7% | +3.2% |
| WTI | 2026-06-08 | [Opec+ raises July oil production quotas amid supply concerns \| Malay Mail](https://feedsoft.ai/events/18720-opec-raises-july-oil-production-quotas-amid-supply-concerns-malay-mail.md) | -6.1% | -25.6% |
| WTI | 2025-05-28 | [OPEC+ holds oil quotas ahead of July production review](https://feedsoft.ai/events/24603-opec-holds-oil-quotas-ahead-of-july-production-review.md) | +4.1% | +6.9% |
| WTI | 2026-08-03 | [OPEC 7 Decide to Boost Production Quota \| Rigzone](https://feedsoft.ai/events/17824-opec-7-decide-to-boost-production-quota-rigzone.md) | -7.5% | -1.7% |
| WTI | 2021-10-05 | [OPEC+ maintains its production policy for November – EnergyScan](https://feedsoft.ai/events/44448-opec-maintains-its-production-policy-for-november-energyscan.md) | +3.8% | +8.3% |
| BRENT | 2018-03-09 | [OPEC+ seven agree to maintain November production levels](https://feedsoft.ai/events/65936-opec-seven-agree-to-maintain-november-production-levels.md) | +1.0% | +4.8% |
| BRENT | 2026-06-08 | [Opec+ raises July oil production quotas amid supply concerns \| Malay Mail](https://feedsoft.ai/events/18720-opec-raises-july-oil-production-quotas-amid-supply-concerns-malay-mail.md) | -7.5% | -26.2% |
| BRENT | 2025-05-28 | [OPEC+ holds oil quotas ahead of July production review](https://feedsoft.ai/events/24603-opec-holds-oil-quotas-ahead-of-july-production-review.md) | +3.7% | +6.1% |

## Sources

- nsenergybusiness.com: https://www.nsenergybusiness.com/industry-news/opec-jmmc-22nd-meeting-details/

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