Another OPEC Exit? Iraq Warns It Could Abandon Oil Cartel If Quota Hike Rejected

Jun 25th 2026 7:45am EDT

Another OPEC Exit? Iraq Warns It Could Abandon Oil Cartel If Quota Hike Rejected Iraq is sending a warning shot to OPEC: raise Baghdad’s oil production quota to better reflect its capacity and fiscal needs, or risk yet another defection from the oil-producing cartel. “The ministry currently has no intention of withdrawing from OPEC, and […]

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