# OPEC oil production falls for the first time since March

> OPEC's August output fell by 79,100 barrels a day, the first decline since March, according to a monthly tally from independent sources. Losses in key exporters offset rising output in Libya and Nigeria, which are exempt from the cuts.

- Date: 2017-09-12 · published 2017-09-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/68865-opec-oil-production-falls-for-the-first-time-since-march
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A monthly output drop helps drain the global glut, which is supportive for crude prices, though Libyan and Nigerian recovery limits the effect.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-09-12 | [OPEC production falls to 32.76 million b/d in August \| Oil & Gas Journal](https://feedsoft.ai/events/68867-opec-production-falls-to-32-76-million-b-d-in-august-oil-and-gas-journal.md) | +2.7% | +2.8% |
| BRENT | 2017-12-04 | [OPEC oil output falls in November to lowest since May](https://feedsoft.ai/events/67408-opec-oil-output-falls-in-november-to-lowest-since-may.md) | -0.6% | +4.0% |
| BRENT | 2019-05-31 | [OPEC Oil Output Set For Drop Despite Saudi Production Boost \| OilPrice.com](https://feedsoft.ai/events/59017-opec-oil-output-set-for-drop-despite-saudi-production-boost-oilprice-com.md) | -8.8% | -2.2% |
| BRENT | 2021-05-31 | [OPEC Boosted Production Less Than Expected In May \| OilPrice.com](https://feedsoft.ai/events/47016-opec-boosted-production-less-than-expected-in-may-oilprice-com.md) | +2.4% | +7.5% |
| BRENT | 2018-10-19 | [Leaked Document: OPEC+ Struggling To Lift Oil Production \| OilPrice.com](https://feedsoft.ai/events/62458-leaked-document-opec-struggling-to-lift-oil-production-oilprice-com.md) | -3.4% | -17.1% |
| WTI | 2017-09-12 | [OPEC production falls to 32.76 million b/d in August \| Oil & Gas Journal](https://feedsoft.ai/events/68867-opec-production-falls-to-32-76-million-b-d-in-august-oil-and-gas-journal.md) | +3.8% | +3.2% |
| WTI | 2017-12-04 | [OPEC oil output falls in November to lowest since May](https://feedsoft.ai/events/67408-opec-oil-output-falls-in-november-to-lowest-since-may.md) | -1.9% | +3.5% |
| WTI | 2019-05-31 | [OPEC Oil Output Set For Drop Despite Saudi Production Boost \| OilPrice.com](https://feedsoft.ai/events/59017-opec-oil-output-set-for-drop-despite-saudi-production-boost-oilprice-com.md) | -6.9% | +4.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/09/12/opec-oil-production-falls-for-the-first-time-since-march.html

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