# Combined Compliance For OPEC, Non-OPEC Hits 86% | OilPrice.com

> OPEC and 11 non-OPEC producers achieved a combined 86 percent compliance rate with their output cuts in January. OPEC members were above 90 percent, mainly due to Saudi Arabia, while non-OPEC compliance was lower but reportedly improving to at least 60 percent. A joint monitoring committee urged full conformity.

- Date: 2017-02-24 · published 2017-02-24T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/72410-combined-compliance-for-opec-non-opec-hits-86-oilprice-com
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Broad compliance with the roughly 1.8 million bpd cut supports crude prices and suggests a sustained supply reduction. Higher crude keeps energy and fertilizer costs elevated for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-08-17 | [OPEC+ panel focuses on compliance with oil cuts, calls for 'vigilance'](https://feedsoft.ai/events/51533-opec-panel-focuses-on-compliance-with-oil-cuts-calls-for-vigilance.md) | -1.5% | -12.3% |
| 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 | 2017-11-01 | [Brent oil near two-year highs as OPEC's compliance with cuts improves](https://feedsoft.ai/events/68143-brent-oil-near-two-year-highs-as-opec-s-compliance-with-cuts-improves.md) | +4.3% | +3.6% |
| BRENT | 2023-10-04 | [OPEC+ Leaves Oil Production Levels Unchanged \| OilPrice.com](https://feedsoft.ai/events/33525-opec-leaves-oil-production-levels-unchanged-oilprice-com.md) | -3.8% | -6.0% |
| 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% |
| WTI | 2020-08-17 | [OPEC+ panel focuses on compliance with oil cuts, calls for 'vigilance'](https://feedsoft.ai/events/51533-opec-panel-focuses-on-compliance-with-oil-cuts-calls-for-vigilance.md) | +0.7% | -11.4% |
| 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 | 2017-11-01 | [Brent oil near two-year highs as OPEC's compliance with cuts improves](https://feedsoft.ai/events/68143-brent-oil-near-two-year-highs-as-opec-s-compliance-with-cuts-improves.md) | +5.2% | +5.3% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Oil-Prices/Combined-Compliance-For-OPEC-Non-OPEC-Hits-86.html

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