# OPEC secures output compliance pledges from 4 producers | AP News

> OPEC's technical committee secured commitments from four oil producers to bring output in line with agreed targets. The AP report is brief on specifics.

- Date: 2017-08-09 · published 2017-08-09T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/69360-opec-secures-output-compliance-pledges-from-4-producers-ap-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Improved compliance commitments support crude prices by reducing the risk of extra supply reaching the market.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-07-24 | [OPEC moves to cap Nigerian oil output, boost production cut compliance \| CBC News](https://feedsoft.ai/events/69865-opec-moves-to-cap-nigerian-oil-output-boost-production-cut-compliance-cbc-news.md) | +8.6% | +6.1% |
| WTI | 2022-02-02 | [Caution from OPEC+ producers to keep oil prices high \| AP News](https://feedsoft.ai/events/42630-caution-from-opec-producers-to-keep-oil-prices-high-ap-news.md) | +1.3% | +25.5% |
| WTI | 2019-02-12 | [OPEC Chief Urges Producers to Meet Pledges to Cut Oil Output - Bloomberg](https://feedsoft.ai/events/60516-opec-chief-urges-producers-to-meet-pledges-to-cut-oil-output-bloomberg.md) | +6.0% | +8.3% |
| WTI | 2017-03-01 | [Oil rises as Opec sticks to output pledges, rising US production cap gains](https://feedsoft.ai/events/72159-oil-rises-as-opec-sticks-to-output-pledges-rising-us-production-cap-gains.md) | -2.2% | -10.4% |
| WTI | 2018-12-07 | [Oil producers join forces and cut production again \| AP News](https://feedsoft.ai/events/10626-oil-producers-join-forces-and-cut-production-again-ap-news.md) | +2.2% | -6.2% |
| BRENT | 2017-07-24 | [OPEC moves to cap Nigerian oil output, boost production cut compliance \| CBC News](https://feedsoft.ai/events/69865-opec-moves-to-cap-nigerian-oil-output-boost-production-cut-compliance-cbc-news.md) | +9.4% | +8.5% |
| BRENT | 2022-02-02 | [Caution from OPEC+ producers to keep oil prices high \| AP News](https://feedsoft.ai/events/42630-caution-from-opec-producers-to-keep-oil-prices-high-ap-news.md) | +4.1% | +20.3% |
| BRENT | 2019-02-12 | [OPEC Chief Urges Producers to Meet Pledges to Cut Oil Output - Bloomberg](https://feedsoft.ai/events/60516-opec-chief-urges-producers-to-meet-pledges-to-cut-oil-output-bloomberg.md) | +8.0% | +7.2% |

## Sources

- apnews.com: https://apnews.com/general-news-f0abeef43ed442e8a24941b67f1c5a81

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