# As Compliance Slips, OPEC Decides To 'Reconsider' Output Deal | OilPrice.com

> OPEC's Kuwaiti oil minister said the November meeting will decide whether to extend or terminate the current output cut agreement. An OPEC monitoring committee met in Vienna as compliance slipped, with IEA data showing OPEC compliance at 75% in July and 470,000 bpd of overproduction across the 22 pledging producers.

- Date: 2017-08-22 · published 2017-08-22T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/69356-as-compliance-slips-opec-decides-to-reconsider-output-deal-oilprice-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Slipping compliance and talk of ending the cuts raise the risk of more crude supply, which pressures crude prices and, through energy costs, sentiment in feed-related markets.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-08-30 | [Oil Prices Drop as OPEC+ Considers Increasing Production in October \| OilPrice.com](https://feedsoft.ai/events/28974-oil-prices-drop-as-opec-considers-increasing-production-in-october-oilprice-com.md) | -10.8% | -10.5% |
| WTI | 2017-02-11 | [IEA Tracks 40 Percent Compliance Rate For Non-OPEC Deal Participants \| OilPrice.com](https://feedsoft.ai/events/72671-iea-tracks-40-percent-compliance-rate-for-non-opec-deal-participants-oilprice.md) | -0.8% | -10.7% |
| WTI | 2018-09-21 | [Exclusive - OPEC and allies consider oil output boost as Iranian supply falls: source \| Reuters](https://feedsoft.ai/events/62930-exclusive-opec-and-allies-consider-oil-output-boost-as-iranian-supply-falls.md) | +1.9% | -3.0% |
| WTI | 2025-08-05 | [Oil prices fall as OPEC+ output hikes counter Russia disruption concerns \| Reuters](https://feedsoft.ai/events/23233-oil-prices-fall-as-opec-output-hikes-counter-russia-disruption-concerns-reuters.md) | -3.4% | -1.7% |
| WTI | 2026-03-24 | [Oil prices drop 2% as Iran considers US proposal to end war \| Reuters](https://feedsoft.ai/events/8151-oil-prices-drop-2-as-iran-considers-us-proposal-to-end-war-reuters.md) | +17.0% | +4.7% |
| BRENT | 2024-08-30 | [Oil Prices Drop as OPEC+ Considers Increasing Production in October \| OilPrice.com](https://feedsoft.ai/events/28974-oil-prices-drop-as-opec-considers-increasing-production-in-october-oilprice-com.md) | -8.9% | -10.4% |
| BRENT | 2017-02-11 | [IEA Tracks 40 Percent Compliance Rate For Non-OPEC Deal Participants \| OilPrice.com](https://feedsoft.ai/events/72671-iea-tracks-40-percent-compliance-rate-for-non-opec-deal-participants-oilprice.md) | -1.4% | -8.8% |
| BRENT | 2018-09-21 | [Exclusive - OPEC and allies consider oil output boost as Iranian supply falls: source \| Reuters](https://feedsoft.ai/events/62930-exclusive-opec-and-allies-consider-oil-output-boost-as-iranian-supply-falls.md) | +3.5% | +1.2% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Crude-Oil/As-Compliance-Slips-OPEC-Decides-To-Reconsider-Output-Deal.html

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