Iraq Might Leave OPEC If Its Production Quota Isn’t Raised

AI Summary

Iraq has indicated it might exit OPEC unless granted a higher oil production quota, following the recent departure of the UAE to increase its pumping capacity. The dispute reflects tensions within OPEC over production limits.

Iraq said it might one day consider leaving OPEC unless the group accommodates it with a higher oil production quota, just a few months after the United Arab Emirates quit the group so that it could pump more.