Iraq Walks Back Threat on Leaving OPEC Over Output Limits

🌐 Bloomberg (IQ) —

AI Summary

Iraq's oil ministry clarified that it is not considering exiting OPEC, retracting earlier statements that contemplated such a move as a possibility. The announcement underscores Iraq's commitment to the current OPEC output limits.

Iraq isn’t considering leaving OPEC, the nation’s oil ministry said, just a few hours after saying that doing so was an eventual possibility.

Politics Markets Commodities Energy Iraq OPEC oil output energy policy oil markets

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