# OPEC Committee: Oil Producers Cut July Output By 9% More Than Agreed | Rigzone

> An OPEC and non-OPEC monitoring committee found that participating producers cut output in July by 9% more than agreed. Compliance was 120% in June and 147% in May, showing producers have kept increasing supply. The technical committee will meet again on September 11, before a ministerial meeting on September 23.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63439-opec-committee-oil-producers-cut-july-output-by-9-more-than-agreed-rigzone
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Output above agreed cuts adds barrels to the market and pressures crude prices lower, which lowers energy costs for feed production and transport.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-05-31 | [Opec+ decided on July output hike to punish over-producers \| AGBI](https://feedsoft.ai/events/24131-opec-decided-on-july-output-hike-to-punish-over-producers-agbi.md) | +4.9% | +7.0% |
| BRENT | 2024-06-03 | [U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts](https://feedsoft.ai/events/29656-u-s-crude-oil-falls-more-than-3-as-opec-plans-phasing-out-production-cuts.md) | -2.0% | +7.9% |
| BRENT | 2025-07-05 | [OPEC+ members agree to larger-than-expected oil production hike in August](https://feedsoft.ai/events/23671-opec-members-agree-to-larger-than-expected-oil-production-hike-in-august.md) | +2.2% | +0.7% |
| BRENT | 2018-03-09 | [Opec+ likely to raise July oil output by 188,000 bpd](https://feedsoft.ai/events/65930-opec-likely-to-raise-july-oil-output-by-188-000-bpd.md) | +1.0% | +4.8% |
| BRENT | 2017-06-27 | [OPEC in no rush on deeper oil output cut, to look at in July](https://feedsoft.ai/events/70392-opec-in-no-rush-on-deeper-oil-output-cut-to-look-at-in-july.md) | +9.9% | +7.2% |
| WTI | 2025-05-31 | [Opec+ decided on July output hike to punish over-producers \| AGBI](https://feedsoft.ai/events/24131-opec-decided-on-july-output-hike-to-punish-over-producers-agbi.md) | +6.2% | +7.6% |
| WTI | 2024-06-03 | [U.S. crude oil falls more than 3% as OPEC+ plans phasing out production cuts](https://feedsoft.ai/events/29656-u-s-crude-oil-falls-more-than-3-as-opec-plans-phasing-out-production-cuts.md) | -1.9% | +8.5% |
| WTI | 2025-07-05 | [OPEC+ members agree to larger-than-expected oil production hike in August](https://feedsoft.ai/events/23671-opec-members-agree-to-larger-than-expected-oil-production-hike-in-august.md) | +2.4% | +0.7% |

## Sources

- rigzone.com: https://www.rigzone.com/news/opec_committee_oil_producers_cut_july_output_by_9_more_than_agreed-27-aug-2018-156751-article/

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