# OPEC+ meets to review compliance with oil cuts - Markets - Business Recorder

> OPEC+ was set to review compliance with its oil cuts on August 19, with sources expecting no change to the 7.7 million bpd target. Overall July compliance was put at 95% to 97%, with Iraq, Nigeria and Kazakhstan under scrutiny.

- Date: 2020-08-19 · published 2020-08-19T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/51536-opec-meets-to-review-compliance-with-oil-cuts-markets-business-recorder
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of no policy change keep supply restrained, which is mildly supportive for crude and energy-linked costs.

## 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 | 2020-08-17 | [OPEC+ panel focuses on compliance with oil cuts, calls for 'vigilance'](https://feedsoft.ai/events/51533-opec-panel-focuses-on-compliance-with-oil-cuts-calls-for-vigilance.md) | -1.5% | -12.3% |
| BRENT | 2017-07-31 | [OPEC set to meet with allies on compliance \| The Greater Middle East](https://feedsoft.ai/events/70161-opec-set-to-meet-with-allies-on-compliance-the-greater-middle-east.md) | +0.4% | -0.2% |
| BRENT | 2024-10-21 | [Palm opens higher, buoyed by stronger crude, Chicago soyoil - Markets - Business Recorder](https://feedsoft.ai/events/11149-palm-opens-higher-buoyed-by-stronger-crude-chicago-soyoil-markets-business.md) | +4.0% | -0.9% |
| 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 | 2021-01-10 | [OPEC crude output cuts should help US shale profits in 2021 - Markets - Business Recorder](https://feedsoft.ai/events/49319-opec-crude-output-cuts-should-help-us-shale-profits-in-2021-markets-business.md) | +0.2% | +11.1% |
| 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% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40013102

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