# OPEC+ panel focuses on compliance with oil cuts, calls for 'vigilance'

> A draft report from OPEC+'s Joint Technical Committee put compliance with output cuts at 95% in July, rising to 97% including Mexico. The panel called for continued vigilance.

- Date: 2020-08-17 · published 2020-08-17T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/51533-opec-panel-focuses-on-compliance-with-oil-cuts-calls-for-vigilance
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

High compliance keeps physical supply restrained, which supports crude prices and, through energy costs, feed and ethanol economics.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 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) | -0.7% | +2.0% |
| BRENT | 2017-11-01 | [Brent oil near two-year highs as OPEC's compliance with cuts improves](https://feedsoft.ai/events/68143-brent-oil-near-two-year-highs-as-opec-s-compliance-with-cuts-improves.md) | +4.3% | +3.6% |
| BRENT | 2017-02-24 | [Combined Compliance For OPEC, Non-OPEC Hits 86% \| OilPrice.com](https://feedsoft.ai/events/72410-combined-compliance-for-opec-non-opec-hits-86-oilprice-com.md) | -2.8% | -10.4% |
| BRENT | 2020-08-19 | [OPEC+ meets to review compliance with oil cuts - Markets - Business Recorder](https://feedsoft.ai/events/51536-opec-meets-to-review-compliance-with-oil-cuts-markets-business-recorder.md) | +1.2% | -11.8% |
| BRENT | 2017-02-26 | [OPEC, non-OPEC reach 86 percent compliance with product cuts \| Al Bawaba](https://feedsoft.ai/events/72414-opec-non-opec-reach-86-percent-compliance-with-product-cuts-al-bawaba.md) | -0.6% | -9.0% |
| 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 | 2017-11-01 | [Brent oil near two-year highs as OPEC's compliance with cuts improves](https://feedsoft.ai/events/68143-brent-oil-near-two-year-highs-as-opec-s-compliance-with-cuts-improves.md) | +5.2% | +5.3% |
| WTI | 2017-02-24 | [Combined Compliance For OPEC, Non-OPEC Hits 86% \| OilPrice.com](https://feedsoft.ai/events/72410-combined-compliance-for-opec-non-opec-hits-86-oilprice-com.md) | -3.4% | -13.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-oil-opec/opec-compliance-with-oil-output-cuts-in-july-around-97-sources-say-idUSKCN25D1B8/

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