# OPEC celebrates supply cap deal compliance, analysts say not out of woods yet - BusinessDay NG, TV, and Podcast

> The Joint OPEC-Non-OPEC Ministerial Monitoring Committee said OPEC and participating non-OPEC producers reached 116% conformity with their output adjustments in August, the highest ever. Analysts caution that the market is not yet out of the woods.

- Date: 2017-09-27 · published 2017-09-27T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/68872-opec-celebrates-supply-cap-deal-compliance-analysts-say-not-out-of-woods-yet
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Record compliance means the cuts are working more tightly than expected, which supports crude prices, though the risk of later slippage remains.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-01-21 | [OPEC’s output curb seen going past 2018 - Businessday NG](https://feedsoft.ai/events/66903-opec-s-output-curb-seen-going-past-2018-businessday-ng.md) | +2.5% | -5.9% |
| BRENT | 2017-03-06 | [OPEC not entirely in compliance with production deal - UPI.com](https://feedsoft.ai/events/71902-opec-not-entirely-in-compliance-with-production-deal-upi-com.md) | -7.3% | -4.5% |
| BRENT | 2020-03-05 | [OPEC agrees 1.5m b/d output cut - but compliance will be key \| Wood Mackenzie](https://feedsoft.ai/events/54054-opec-agrees-1-5m-b-d-output-cut-but-compliance-will-be-key-wood-mackenzie.md) | -31.8% | -62.6% |
| BRENT | 2020-06-06 | [OPEC and its allies reach deal to cut oil production through July \| CNN Business](https://feedsoft.ai/events/52512-opec-and-its-allies-reach-deal-to-cut-oil-production-through-july-cnn-business.md) | -7.2% | +3.3% |
| 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 | 2018-01-21 | [OPEC’s output curb seen going past 2018 - Businessday NG](https://feedsoft.ai/events/66903-opec-s-output-curb-seen-going-past-2018-businessday-ng.md) | +4.5% | -2.5% |
| WTI | 2017-03-06 | [OPEC not entirely in compliance with production deal - UPI.com](https://feedsoft.ai/events/71902-opec-not-entirely-in-compliance-with-production-deal-upi-com.md) | -9.6% | -5.2% |

## Sources

- archive.businessday.ng: https://archive.businessday.ng/oilandgas/article/opec-celebrates-supply-cap-deal-compliance-analysts-say-not-woods-yet/

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