Iraq may demand higher OPEC quota, but unlikely to quit

AI Summary

Iraq may seek an increased production quota from OPEC due to regional changes like the UAE's exit but is unlikely to leave the organization. This potential adjustment reflects ongoing dynamics in Middle Eastern energy politics and production.

Once the Middle East war dust clears away and the region is back to normal, Iraq could renew demands for higher OPEC oil production quota. Analysts believe Iraq could be motivated by the UAE’s decision to exit OPEC and the fact that its current quota is way below its capacity. But some experts believe Iraq ...