# OPEC+ still has an Asia dilemma as crude imports remain soft

> Reuters reports that OPEC+ is on track to ease output cuts by 180,000 bpd from December after postponing its earlier increase. The group retains the option to delay further, and Asian crude imports remain soft.

- Date: 2024-10-03 · published 2024-10-03T12:00:00.000Z
- Category: policy · region Asia · magnitude low
- Page: https://feedsoft.ai/events/27768-opec-still-has-an-asia-dilemma-as-crude-imports-remain-soft
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Soft Asian import demand combined with a planned supply increase is a mild bearish signal for crude, and any further delay would offset that.

## Read by commodity

- WTI: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-06-08 | [OPEC+ output increase has little impact while Strait of Hormuz remains closed, says Rystad - OPEC+ output increase has little impact while Strait of Hormuz remains closed, says Rystad](https://feedsoft.ai/events/18722-opec-output-increase-has-little-impact-while-strait-of-hormuz-remains-closed.md) | -6.1% | -25.6% |
| WTI | 2019-11-04 | [The Dilemma Continues: OPEC choices amid high uncertainty - Oxford Institute for Energy Studies](https://feedsoft.ai/events/55955-the-dilemma-continues-opec-choices-amid-high-uncertainty-oxford-institute-for.md) | +1.8% | -0.2% |
| WTI | 2020-06-12 | [OPEC: Back from the Depths, But Challenges Remain](https://feedsoft.ai/events/52517-opec-back-from-the-depths-but-challenges-remain.md) | +6.6% | +11.4% |
| WTI | 2018-11-27 | [Malaysia’s biodiesel plan faces uphill struggle as crude slumps](https://feedsoft.ai/events/61911-malaysia-s-biodiesel-plan-faces-uphill-struggle-as-crude-slumps.md) | +2.8% | -13.8% |
| WTI | 2017-06-03 | [Opec in dilemma over output cut extension: QNB \| The Peninsula Qatar](https://feedsoft.ai/events/70396-opec-in-dilemma-over-output-cut-extension-qnb-the-peninsula-qatar.md) | -3.9% | -3.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/opec-still-has-an-asia-dilemma-crude-imports-remain-soft-russell-2024-10-03/

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