# Opec Output Down, Compliance Up in August | Energy Intelligence

> Energy Intelligence reported that OPEC crude output fell in August and compliance with production caps rose. The article suggests the market could see a supply deficit and faster inventory draws in the second half of 2017.

- Date: 2017-09-12 · published 2017-09-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/68868-opec-output-down-compliance-up-in-august-energy-intelligence
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher compliance and tightening balances point to firmer benchmark crude prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-09-12 | [Oil edges up as OPEC output falls, offsets hurricane concerns](https://feedsoft.ai/events/69135-oil-edges-up-as-opec-output-falls-offsets-hurricane-concerns.md) | +2.7% | +2.8% |
| BRENT | 2019-01-17 | [Oil up on OPEC output cuts, hopes of easing U.S.-China trade tensions - Global Energy Network](https://feedsoft.ai/events/61244-oil-up-on-opec-output-cuts-hopes-of-easing-u-s-china-trade-tensions-global.md) | +0.9% | +4.8% |
| 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 | 2025-01-07 | [OPEC oil output falls in December on UAE and Iran, survey finds](https://feedsoft.ai/events/26425-opec-oil-output-falls-in-december-on-uae-and-iran-survey-finds.md) | +6.6% | -0.7% |
| BRENT | 2020-12-10 | [US Energy Agency Revises up Oil Price Forecast - World-Energy](https://feedsoft.ai/events/49832-us-energy-agency-revises-up-oil-price-forecast-world-energy.md) | +4.3% | +14.2% |
| WTI | 2017-09-12 | [Oil edges up as OPEC output falls, offsets hurricane concerns](https://feedsoft.ai/events/69135-oil-edges-up-as-opec-output-falls-offsets-hurricane-concerns.md) | +3.8% | +3.2% |
| WTI | 2019-01-17 | [Oil up on OPEC output cuts, hopes of easing U.S.-China trade tensions - Global Energy Network](https://feedsoft.ai/events/61244-oil-up-on-opec-output-cuts-hopes-of-easing-u-s-china-trade-tensions-global.md) | +0.7% | +3.3% |
| 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% |

## Sources

- energyintel.com: https://www.energyintel.com/0000017b-a7d2-de4c-a17b-e7d2cfda0000

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