Formation of OPEC+ and Cooperative Deals with Non‑OPEC Producers (2016–2020)

1. OPEC agrees to first cuts since 2008

   Nov 30, 2016Labels: OPEC, Vienna Agreement

   • OPEC PR
   • DW

2. OPEC and non-OPEC sign Declaration of Cooperation

   Dec 10, 2016Labels: Declaration of, Russia

   • OPEC PR
   • CNBC

3. Joint monitoring mechanism is established

   Dec 10, 2016Labels: Joint Monitoring, Declaration of

   • OPEC PR

4. OPEC and partners extend cuts through March 2018

   May 25, 2017Labels: OPEC, Non OPEC

   • Al Jazeera
   • Axios

5. OPEC and Russia back extension through end-2018

   Nov 30, 2017Labels: OPEC, Russia

   • CNBC
   • Guardian

6. OPEC+ agrees to ease over-compliance

   Jun 22, 2018Labels: OPEC, Compliance

   • CNBC

7. OPEC+ agrees new 1.2 million bpd cut

   Dec 7, 2018Labels: OPEC, 2019 cut

   • Oil Gas J
   • CNBC

8. OPEC+ extends cuts into early 2020

   Jul 1, 2019Labels: OPEC, 2019 charter

   • CNBC
   • Azerbaijan MoE

9. OPEC+ signs Charter of Cooperation

   Jul 2, 2019Labels: Charter of, OPEC

   • Azerbaijan MoE
   • BusinessStd

10. OPEC+ talks collapse as pandemic hits demand

    Mar 6, 2020Labels: OPEC, COVID-19

    • S P Global
    • Guardian

11. OPEC+ reaches record production-cut agreement

    Apr 12, 2020Labels: OPEC, Record cut

    • CNBC
    • HydrocarbonEng

12. May 2020 cuts begin, shaping OPEC+ legacy

    May 1, 2020Labels: OPEC, Implementation

    • CNBC
    • HydrocarbonEng