# OPEC July oil output hits 2018 peak, but outages weigh: Reuters survey - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> A Reuters survey showed OPEC July output reached a 2018 high of 32.64 million bpd, though losses from Iran and Libya limited the gain. OPEC compliance with cuts slipped to 111 percent from 116 percent in June.

- Date: 2018-07-01 · published 2018-07-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/63957-opec-july-oil-output-hits-2018-peak-but-outages-weigh-reuters-survey-energy
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Output still exceeds agreed targets but the rise is limited by outages, leaving crude prices with mixed pressure on energy and biofuel costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-07-31 | [Oil to hold steady into 2019 as OPEC, U.S. compensate for supply hitches - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/64201-oil-to-hold-steady-into-2019-as-opec-u-s-compensate-for-supply-hitches-energy.md) | -2.5% | +0.4% |
| BRENT | 2020-02-07 | [OPEC overdelivers on oil cuts but coronavirus fears complicate outlook: Platts survey](https://feedsoft.ai/events/54752-opec-overdelivers-on-oil-cuts-but-coronavirus-fears-complicate-outlook-platts.md) | +2.3% | -8.0% |
| BRENT | 2024-12-12 | [Oil settles flat; markets weigh IEA surplus forecast, rate cut optimism \| Reuters](https://feedsoft.ai/events/27118-oil-settles-flat-markets-weigh-iea-surplus-forecast-rate-cut-optimism-reuters.md) | +0.0% | +7.9% |
| BRENT | 2024-01-03 | [OPEC’s Crude Oil Output Steady in December Before New Supply Cuts - Bloomberg](https://feedsoft.ai/events/32039-opec-s-crude-oil-output-steady-in-december-before-new-supply-cuts-bloomberg.md) | +2.3% | +9.8% |
| BRENT | 2025-12-11 | [OPEC data indicate close oil supply-demand balance in 2026, no glut \| Reuters](https://feedsoft.ai/events/21425-opec-data-indicate-close-oil-supply-demand-balance-in-2026-no-glut-reuters.md) | -4.0% | +2.5% |
| WTI | 2018-07-31 | [Oil to hold steady into 2019 as OPEC, U.S. compensate for supply hitches - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/64201-oil-to-hold-steady-into-2019-as-opec-u-s-compensate-for-supply-hitches-energy.md) | -2.6% | -1.7% |
| WTI | 2020-02-07 | [OPEC overdelivers on oil cuts but coronavirus fears complicate outlook: Platts survey](https://feedsoft.ai/events/54752-opec-overdelivers-on-oil-cuts-but-coronavirus-fears-complicate-outlook-platts.md) | +0.9% | -19.2% |
| WTI | 2024-12-12 | [Oil settles flat; markets weigh IEA surplus forecast, rate cut optimism \| Reuters](https://feedsoft.ai/events/27118-oil-settles-flat-markets-weigh-iea-surplus-forecast-rate-cut-optimism-reuters.md) | +0.4% | +9.3% |

## Sources

- energynow.com: https://energynow.com/2018/07/opec-july-oil-output-hits-2018-peak-but-outages-weigh-reuters-survey/

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