# OPEC, non-OPEC reach 86 percent compliance with product cuts | Al Bawaba

> OPEC said a joint OPEC and non-OPEC monitoring committee found 86 percent conformity with the production cut agreement for January. The committee urged all parties to reach full conformity, and OPEC said it would consider extending the six-month agreement as appropriate. OPEC Secretary-General Mohammad Barkindo cited strong coordination around the deal.

- Date: 2017-02-26 · published 2017-02-26T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/72414-opec-non-opec-reach-86-percent-compliance-with-product-cuts-al-bawaba
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

High compliance and the possibility of an extension support firmer crude prices, which feed through to diesel, fertilizer and biofuel feedstock economics relevant to feed costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-03-06 | [OPEC not entirely in compliance with production deal - UPI.com](https://feedsoft.ai/events/71902-opec-not-entirely-in-compliance-with-production-deal-upi-com.md) | -7.3% | -4.5% |
| 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 | 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 | 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 | 2020-08-19 | [OPEC+ meets to review compliance with oil cuts - Markets - Business Recorder](https://feedsoft.ai/events/51536-opec-meets-to-review-compliance-with-oil-cuts-markets-business-recorder.md) | +1.2% | -11.8% |
| WTI | 2017-03-06 | [OPEC not entirely in compliance with production deal - UPI.com](https://feedsoft.ai/events/71902-opec-not-entirely-in-compliance-with-production-deal-upi-com.md) | -9.6% | -5.2% |
| 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 | 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

- albawaba.com: https://www.albawaba.com/business/opec-non-opec-reach-86-percent-compliance-product-cuts-942450

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