# OPEC deal: Members, non-members achieve 149% conformity level - The Nation Newspaper

> The OPEC/non-OPEC Joint Ministerial Monitoring Committee reported a conformity level of 149 percent with voluntary production adjustments, the highest so far. The committee's meeting was held in Jeddah, Saudi Arabia.

- Date: 2018-04-25 · published 2018-04-25T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/65428-opec-deal-members-non-members-achieve-149-conformity-level-the-nation-newspaper
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

High compliance means the production cuts are being largely enforced, keeping supply tight and supporting crude prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-08-27 | [OPEC reports 159% oil output conformity level in July](https://feedsoft.ai/events/57503-opec-reports-159-oil-output-conformity-level-in-july.md) | +2.8% | +9.5% |
| WTI | 2017-04-28 | [Oil cut deal now at 98% compliance level, says OPEC \| TheCable](https://feedsoft.ai/events/71422-oil-cut-deal-now-at-98-compliance-level-says-opec-thecable.md) | -7.0% | -0.6% |
| WTI | 2017-01-30 | [OPEC convinces investors crude output cuts are real - The Gulf Time Newspaper](https://feedsoft.ai/events/73160-opec-convinces-investors-crude-output-cuts-are-real-the-gulf-time-newspaper.md) | +1.2% | +1.6% |
| WTI | 2024-03-04 | [Saudi Arabia and the UAE among Opec+ members extending oil output cuts \| The National](https://feedsoft.ai/events/31114-saudi-arabia-and-the-uae-among-opec-members-extending-oil-output-cuts-the.md) | -2.4% | +4.6% |
| WTI | 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) | -2.2% | -2.8% |
| BRENT | 2019-08-27 | [OPEC reports 159% oil output conformity level in July](https://feedsoft.ai/events/57503-opec-reports-159-oil-output-conformity-level-in-july.md) | +1.4% | +10.3% |
| BRENT | 2017-04-28 | [Oil cut deal now at 98% compliance level, says OPEC \| TheCable](https://feedsoft.ai/events/71422-oil-cut-deal-now-at-98-compliance-level-says-opec-thecable.md) | -4.9% | +2.8% |
| BRENT | 2017-01-30 | [OPEC convinces investors crude output cuts are real - The Gulf Time Newspaper](https://feedsoft.ai/events/73160-opec-convinces-investors-crude-output-cuts-are-real-the-gulf-time-newspaper.md) | +2.2% | +0.3% |

## Sources

- thenationonlineng.net: https://thenationonlineng.net/opec-deal-members-non-members-achieve-149-conformity-level/

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