# OPEC hikes Aug crude output, but still overcomplies with cuts: S&P Global Platts survey

> OPEC raised its August crude output by 50,000 bpd to 29.93 million bpd, according to an S&P Global Platts survey. Compliance with the output cuts was 103 percent, with Saudi Arabia pumping 9.77 million bpd and Iraq at a record high. Despite the overcompliance, the group has struggled to push prices higher.

- Date: 2019-09-06 · published 2019-09-06T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/57005-opec-hikes-aug-crude-output-but-still-overcomplies-with-cuts-s-and-p-global
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising OPEC output and high compliance point to a looser crude balance, which weighs on energy prices. Lower crude keeps diesel and freight costs down for feed buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-11-07 | [OPEC+ boosts output by 220,000 b/d as some members recoup recent losses: Platts survey](https://feedsoft.ai/events/38591-opec-boosts-output-by-220-000-b-d-as-some-members-recoup-recent-losses-platts.md) | -3.8% | -17.0% |
| WTI | 2025-04-11 | [OPEC+ nudges up crude output amid mounting volatility, poor compliance](https://feedsoft.ai/events/25334-opec-nudges-up-crude-output-amid-mounting-volatility-poor-compliance.md) | +7.5% | +2.5% |
| WTI | 2018-08-31 | [OPEC August oil output hits 2018 high despite Iran losses: Reuters survey \| Reuters](https://feedsoft.ai/events/63440-opec-august-oil-output-hits-2018-high-despite-iran-losses-reuters-survey-reuters.md) | -3.6% | +4.2% |
| WTI | 2023-08-31 | [OPEC oil output rises in August as Iran hits 2018 high, Reuters survey finds \| Reuters](https://feedsoft.ai/events/34490-opec-oil-output-rises-in-august-as-iran-hits-2018-high-reuters-survey-finds.md) | +6.4% | +12.3% |
| WTI | 2017-07-12 | [OPEC's oil output jumps again as the group struggles to end crude glut](https://feedsoft.ai/events/69868-opec-s-oil-output-jumps-again-as-the-group-struggles-to-end-crude-glut.md) | +3.0% | +9.0% |
| BRENT | 2022-11-07 | [OPEC+ boosts output by 220,000 b/d as some members recoup recent losses: Platts survey](https://feedsoft.ai/events/38591-opec-boosts-output-by-220-000-b-d-as-some-members-recoup-recent-losses-platts.md) | -2.9% | -13.1% |
| BRENT | 2025-04-11 | [OPEC+ nudges up crude output amid mounting volatility, poor compliance](https://feedsoft.ai/events/25334-opec-nudges-up-crude-output-amid-mounting-volatility-poor-compliance.md) | +6.7% | -0.4% |
| BRENT | 2018-08-31 | [OPEC August oil output hits 2018 high despite Iran losses: Reuters survey \| Reuters](https://feedsoft.ai/events/63440-opec-august-oil-output-hits-2018-high-despite-iran-losses-reuters-survey-reuters.md) | -1.7% | +5.5% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/090619-opec-hikes-aug-crude-output-but-still-overcomplies-with-cuts-sampp-global-platts-survey

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