In the past few decades, OPEC has complained about the non compliance of the agreement

In the past few decades, OPEC has complained about the non compliance of the agreement. Now, in order to solve this problem, OPEC will set up a committee to monitor compliance with the new agreement. The committee will be led by Kuwait, Algeria, Venezuela, Russia, as well as another non OPEC oil producing country that has not yet been identified.
OPEC Secretary General Barkindo Mohammad on the “Wall Street journal” said that OPEC has taken unprecedented measures to monitor the implementation of the agreement on the production of Vienna in November 30th.

He said last week that the establishment of a Joint Ministerial Committee to monitor compliance with the agreement, the Vienna will be reduced to the agreement can be measured, can be tested.
This time cut is a matter of great. Former OPEC Secretary General Badri (Salem el-Badri Abdallah) said that if the oil producers want to boost oil prices, then fully comply with the already announced cuts in the agreement is a must”. He told reporters in New York on Thursday the Platts energy conference, the past two years the producers experienced low oil prices bring pain, which increased the possibility of the following agreement.
He added that when the situation became very difficult, every oil producing country should act according to the plan.

But not all market players are convinced that this is the point. Last week, due to market concerns comeback, oil prices fell slightly. OPEC production cuts are skeptical of the market, the data show that even if OPEC members have publicly committed to cut production in November, OPEC crude oil production is still growing.