Iraq piles pressure on OPEC over quota dispute after UAE exit

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Iraq wants OPEC to significantly increase the country's oil supply quota, Baghdad said on Thursday, following reports it would consider quitting the cartel over the dispute. As the second-largest oil exporter in the group, Iraq holds significant influence over OPEC, which saw its third-largest producer, the United Arab Emirates , exit in April. It comes after Reuters reported Iraq was weighing leaving the cartel and Bloomberg quoted an Iraqi old ministry spokesperson warning that a "decision

Iraq piles pressure on OPEC over quota dispute after UAE exit https://www.cnbc.com - 25.06.2026 11:58

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Iraq piles pressure on OPEC over quota dispute after UAE exit https://www.cnbc.com - 25.06.2026 11:58