# OPEC's Strategy To Clamp Down On Cheating | OilPrice.com

> OPEC and non-OPEC producers may discuss informal monitoring of crude exports in addition to production compliance at a Vienna panel meeting. A technical committee reported August compliance at 116%, and options for extending cuts beyond March 2018 remain open.

- Date: 2017-09-21 · published 2017-09-21T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/68870-opec-s-strategy-to-clamp-down-on-cheating-oilprice-com
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Stronger enforcement and possible extension of the cuts support crude prices by tightening expected supply.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-11-04 | [OPEC+ Meeting Ends: Cartel Won't Produce Extra Crude \| OilPrice.com](https://feedsoft.ai/events/43986-opec-meeting-ends-cartel-won-t-produce-extra-crude-oilprice-com.md) | +1.5% | -15.1% |
| BRENT | 2019-08-16 | [OPEC Oil Production Continues To Slide As Saudis Cut Deeper \| OilPrice.com](https://feedsoft.ai/events/57504-opec-oil-production-continues-to-slide-as-saudis-cut-deeper-oilprice-com.md) | +3.6% | +4.8% |
| BRENT | 2018-09-02 | [Why Diesel Prices Are Set To Soar \| OilPrice.com](https://feedsoft.ai/events/63225-why-diesel-prices-are-set-to-soar-oilprice-com.md) | -1.3% | +7.2% |
| BRENT | 2017-02-24 | [Combined Compliance For OPEC, Non-OPEC Hits 86% \| OilPrice.com](https://feedsoft.ai/events/72410-combined-compliance-for-opec-non-opec-hits-86-oilprice-com.md) | -2.8% | -10.4% |
| BRENT | 2023-10-04 | [OPEC+ Leaves Oil Production Levels Unchanged \| OilPrice.com](https://feedsoft.ai/events/33525-opec-leaves-oil-production-levels-unchanged-oilprice-com.md) | -3.8% | -6.0% |
| WTI | 2021-11-04 | [OPEC+ Meeting Ends: Cartel Won't Produce Extra Crude \| OilPrice.com](https://feedsoft.ai/events/43986-opec-meeting-ends-cartel-won-t-produce-extra-crude-oilprice-com.md) | +0.5% | -17.6% |
| WTI | 2019-08-16 | [OPEC Oil Production Continues To Slide As Saudis Cut Deeper \| OilPrice.com](https://feedsoft.ai/events/57504-opec-oil-production-continues-to-slide-as-saudis-cut-deeper-oilprice-com.md) | +1.5% | +1.1% |
| WTI | 2017-02-24 | [Combined Compliance For OPEC, Non-OPEC Hits 86% \| OilPrice.com](https://feedsoft.ai/events/72410-combined-compliance-for-opec-non-opec-hits-86-oilprice-com.md) | -3.4% | -13.3% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Crude-Oil/OPECs-Strategy-To-Clamp-Down-On-Cheating.html

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