# OPEC supply-cut compliance runs up against ire over country targets

> OPEC, Russia and other producers face complaints over country-level production targets under the cut pact, which was extended to March 2018 and may be extended further. The pact targets about 1.8 million bpd of cuts.

- Date: 2017-08-03 · published 2017-08-03T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/69358-opec-supply-cut-compliance-runs-up-against-ire-over-country-targets
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Uncertainty over whether the cuts will hold keeps crude price expectations unsettled, with indirect effects on energy-linked feed costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-12-04 | [OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times](https://feedsoft.ai/events/38142-opec-keeps-oil-supply-cuts-amid-uncertainty-of-russian-sanctions-los-angeles.md) | -11.1% | -3.8% |
| WTI | 2024-09-27 | [Oil alliance OPEC+ zeroes in on group compliance](https://feedsoft.ai/events/28241-oil-alliance-opec-zeroes-in-on-group-compliance.md) | +8.9% | +3.5% |
| WTI | 2019-04-09 | [With Russia Cold To Cuts And Libya On Fire, OPEC Supply Squeeze May End \| Investing.com](https://feedsoft.ai/events/59504-with-russia-cold-to-cuts-and-libya-on-fire-opec-supply-squeeze-may-end.md) | -1.5% | -4.6% |
| WTI | 2026-10-04 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17059-opec-agrees-to-keep-november-oil-output-targets-steady.md) | +0.8% | +8.4% |
| WTI | 2026-10-01 | [OPEC+ agrees to keep November oil output targets steady](https://feedsoft.ai/events/17056-opec-agrees-to-keep-november-oil-output-targets-steady.md) | -2.3% | +8.7% |
| BRENT | 2022-12-04 | [OPEC keeps oil supply cuts amid uncertainty of Russian sanctions - Los Angeles Times](https://feedsoft.ai/events/38142-opec-keeps-oil-supply-cuts-amid-uncertainty-of-russian-sanctions-los-angeles.md) | -11.4% | -5.6% |
| BRENT | 2024-09-27 | [Oil alliance OPEC+ zeroes in on group compliance](https://feedsoft.ai/events/28241-oil-alliance-opec-zeroes-in-on-group-compliance.md) | +7.3% | +2.8% |
| BRENT | 2019-04-09 | [With Russia Cold To Cuts And Libya On Fire, OPEC Supply Squeeze May End \| Investing.com](https://feedsoft.ai/events/59504-with-russia-cold-to-cuts-and-libya-on-fire-opec-supply-squeeze-may-end.md) | -0.1% | -1.0% |

## Sources

- reuters.com: https://www.reuters.com/article/opec-oil-compliance-idUSL5N1KO2U4/

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