# OPEC not entirely in compliance with production deal - UPI.com

> A S&P Global Platts survey found OPEC output at 32.1 mbd in January and February, about 400,000 bpd below the agreed threshold, with compliance at 98.5 percent in February. OPEC Secretary-General Barkindo cited strong compliance and better market prospects.

- Date: 2017-03-06 · published 2017-03-06T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/71902-opec-not-entirely-in-compliance-with-production-deal-upi-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

High compliance supports the floor under crude prices, which matters for energy input costs and biofuel-linked demand for vegetable oils.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-02-26 | [OPEC, non-OPEC reach 86 percent compliance with product cuts \| Al Bawaba](https://feedsoft.ai/events/72414-opec-non-opec-reach-86-percent-compliance-with-product-cuts-al-bawaba.md) | -1.2% | -12.0% |
| WTI | 2020-09-17 | [Oil reverses losses to gain 2% as OPEC urges compliance with production cuts](https://feedsoft.ai/events/51278-oil-reverses-losses-to-gain-2-as-opec-urges-compliance-with-production-cuts.md) | -0.6% | +1.9% |
| WTI | 2018-04-26 | [OPEC and Non-OPEC Crude Oil Production Agreement: Compliance Status - EveryCRSReport.com](https://feedsoft.ai/events/65424-opec-and-non-opec-crude-oil-production-agreement-compliance-status.md) | -0.1% | +5.6% |
| WTI | 2019-09-10 | [Iraq will cut oil production, comply with OPEC this month: Minister](https://feedsoft.ai/events/57008-iraq-will-cut-oil-production-comply-with-opec-this-month-minister.md) | +8.9% | -8.8% |
| WTI | 2016-11-30 | [Oil Surges on OPEC Deal to Cut Production - WSJ](https://feedsoft.ai/events/73786-oil-surges-on-opec-deal-to-cut-production-wsj.md) | +12.5% | +19.3% |
| BRENT | 2017-02-26 | [OPEC, non-OPEC reach 86 percent compliance with product cuts \| Al Bawaba](https://feedsoft.ai/events/72414-opec-non-opec-reach-86-percent-compliance-with-product-cuts-al-bawaba.md) | -0.6% | -9.0% |
| BRENT | 2020-09-17 | [Oil reverses losses to gain 2% as OPEC urges compliance with production cuts](https://feedsoft.ai/events/51278-oil-reverses-losses-to-gain-2-as-opec-urges-compliance-with-production-cuts.md) | -0.7% | +2.0% |
| BRENT | 2018-04-26 | [OPEC and Non-OPEC Crude Oil Production Agreement: Compliance Status - EveryCRSReport.com](https://feedsoft.ai/events/65424-opec-and-non-opec-crude-oil-production-agreement-compliance-status.md) | -0.9% | +7.2% |

## Sources

- upi.com: https://www.upi.com/Energy-News/2017/03/06/OPEC-not-entirely-in-compliance-with-production-deal/4981488806286/

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