# OPEC reveals new voluntary production adjustments [TABLE]

> OPEC published new voluntary production adjustments effective January 2019 for an initial six-month period, following the December 7 ministerial meeting. The cartel said its overall conformity level since January 2017 is 116 percent, while November 2018 conformity was 98 percent. Country-level production targets were listed in a table.

- Date: 2019-01-18 · published 2019-01-18T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/60998-opec-reveals-new-voluntary-production-adjustments-table
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Confirmed quotas set the supply restraint for the first half of 2019, which underpins crude prices. Energy price support influences diesel and input costs across the feed chain.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-02-16 | [Coronavirus: OPEC's JTC Recommends Extending Production Adjustments To End 2020 \| Energy News Africa](https://feedsoft.ai/events/54532-coronavirus-opec-s-jtc-recommends-extending-production-adjustments-to-end-2020.md) | +2.1% | -42.4% |
| BRENT | 2023-11-30 | [Opec+ reaches deal to deepen voluntary production cuts amid global demand concerns \| Upstream](https://feedsoft.ai/events/32493-opec-reaches-deal-to-deepen-voluntary-production-cuts-amid-global-demand.md) | -10.5% | -5.2% |
| 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 | 2023-11-30 | [OPEC+ members agree to significant voluntary oil production cuts \| CNN Business](https://feedsoft.ai/events/33086-opec-members-agree-to-significant-voluntary-oil-production-cuts-cnn-business.md) | -10.5% | -5.2% |
| 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% |
| WTI | 2020-02-16 | [Coronavirus: OPEC's JTC Recommends Extending Production Adjustments To End 2020 \| Energy News Africa](https://feedsoft.ai/events/54532-coronavirus-opec-s-jtc-recommends-extending-production-adjustments-to-end-2020.md) | -1.3% | -44.5% |
| WTI | 2023-11-30 | [Opec+ reaches deal to deepen voluntary production cuts amid global demand concerns \| Upstream](https://feedsoft.ai/events/32493-opec-reaches-deal-to-deepen-voluntary-production-cuts-amid-global-demand.md) | -11.0% | -7.4% |

## Sources

- azernews.az: https://www.azernews.az/oil_and_gas/144218.html

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