# All producers at JMMC to exceed voluntary output adjustments in coming months — Octa

> The OPEC+ JMMC said all participating countries would exceed their voluntary output adjustments in coming months. Compliance with February cuts was put at 90%. The committee will meet next in Jeddah in May.

- Date: 2019-03-18 · published 2019-03-18T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/60018-all-producers-at-jmmc-to-exceed-voluntary-output-adjustments-in-coming-months
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Over-compliance with cuts reduces available crude supply, which supports oil prices and therefore energy and input costs for feed production.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-01-18 | [OPEC reveals new voluntary production adjustments TABLE](https://feedsoft.ai/events/60998-opec-reveals-new-voluntary-production-adjustments-table.md) | +1.0% | +6.2% |
| BRENT | 2024-12-05 | [OPEC+ extend production quotas for all of 2026, voluntary adjustments until end of Q1 2025; compensation schedule not ready](https://feedsoft.ai/events/26876-opec-extend-production-quotas-for-all-of-2026-voluntary-adjustments-until-end.md) | +0.6% | +4.3% |
| BRENT | 2023-08-04 | [OPEC+ Sticks To Oil Output Policy As Saudi Extends Voluntary Production Cut](https://feedsoft.ai/events/34492-opec-sticks-to-oil-output-policy-as-saudi-extends-voluntary-production-cut.md) | +1.5% | +1.6% |
| BRENT | 2021-03-04 | [OPEC+ extends most oil output cuts into April, Saudi keeps voluntary curb](https://feedsoft.ai/events/48039-opec-extends-most-oil-output-cuts-into-april-saudi-keeps-voluntary-curb.md) | +5.2% | -1.3% |
| BRENT | 2023-06-04 | [Opec+ members agree to extend voluntary oil output cuts until end of 2024 \| The National](https://feedsoft.ai/events/35397-opec-members-agree-to-extend-voluntary-oil-output-cuts-until-end-of-2024-the.md) | -1.7% | -1.8% |
| WTI | 2019-01-18 | [OPEC reveals new voluntary production adjustments TABLE](https://feedsoft.ai/events/60998-opec-reveals-new-voluntary-production-adjustments-table.md) | +2.1% | +4.8% |
| WTI | 2023-08-04 | [OPEC+ Sticks To Oil Output Policy As Saudi Extends Voluntary Production Cut](https://feedsoft.ai/events/34492-opec-sticks-to-oil-output-policy-as-saudi-extends-voluntary-production-cut.md) | +1.5% | +2.5% |
| WTI | 2024-12-05 | [OPEC+ extend production quotas for all of 2026, voluntary adjustments until end of Q1 2025; compensation schedule not ready](https://feedsoft.ai/events/26876-opec-extend-production-quotas-for-all-of-2026-voluntary-adjustments-until-end.md) | +2.6% | +8.3% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/679282/

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