Iraq pushes OPEC for higher oil quota amid reports of possible cartel exit
By
Joseph Wilkins
Summary
Iraq is pressuring OPEC to significantly increase its oil production quota, following reports that it considered leaving the cartel — similar to the UAE's exit in April. While Iraq had weighed withdrawal, the current plan is to remain in OPEC while aggressively negotiating for a higher output quota. As OPEC's second-largest oil exporter, Iraq holds significant leverage in the dispute.
Source
bskyIraq pushes OPEC for higher oil quota amid reports of possible cartel exitcnbc.comKey quotes
· 3 pulledA decision will have to be made regarding whether to remain in or withdraw if oil quotas are not lifted.
Iraq wants OPEC to significantly increase the country's oil supply quota.
As the second-largest oil exporter in the group, Iraq holds significant influence over OPEC.
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