# OPEC oil output falls in October led by drop in Iraqi exports

> A Reuters survey found OPEC oil output fell by 80,000 bpd in October, driven by lower exports from northern Iraq. OPEC adherence to its supply cuts rose to 92 percent from 86 percent in September.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/68377-opec-oil-output-falls-in-october-led-by-drop-in-iraqi-exports
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher compliance with the cuts tightens crude supply, which supports oil prices and the energy-linked costs of feed milling and freight.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-06-29 | [Iraqi oil minister expects 6-9 months OPEC output deal extension](https://feedsoft.ai/events/58528-iraqi-oil-minister-expects-6-9-months-opec-output-deal-extension.md) | -4.2% | -6.1% |
| BRENT | 2026-09-06 | [OPEC, Allies Agree to Keep Oil Output Steady in October - WSJ](https://feedsoft.ai/events/17380-opec-allies-agree-to-keep-oil-output-steady-in-october-wsj.md) | +12.0% | +18.6% |
| 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 | 2018-03-28 | [Iraqi OilMin: Iraq to decide by year-end whether to keep oil output cuts — Octa](https://feedsoft.ai/events/65933-iraqi-oilmin-iraq-to-decide-by-year-end-whether-to-keep-oil-output-cuts-octa.md) | -3.4% | +6.5% |
| BRENT | 2024-09-04 | [OPEC+ discussing delay to planned oil output hike in October, sources say \| Reuters](https://feedsoft.ai/events/11570-opec-discussing-delay-to-planned-oil-output-hike-in-october-sources-say-reuters.md) | -7.1% | -0.9% |
| WTI | 2019-06-29 | [Iraqi oil minister expects 6-9 months OPEC output deal extension](https://feedsoft.ai/events/58528-iraqi-oil-minister-expects-6-9-months-opec-output-deal-extension.md) | -1.4% | -2.5% |
| WTI | 2026-09-06 | [OPEC, Allies Agree to Keep Oil Output Steady in October - WSJ](https://feedsoft.ai/events/17380-opec-allies-agree-to-keep-oil-output-steady-in-october-wsj.md) | +9.3% | +3.6% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/article/opec-oil/opec-oil-output-falls-in-october-led-by-drop-in-iraqi-exports-idINL8N1N62SU/?edition-redirect=in

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