EXCLUSIVE: Iraq warns it might leave OPEC if oil quota not raised, sources say
Iraq has warned it may exit OPEC if the organization does not agree to raise its oil production quota.
📍 Where it landed
Iraq warned it might leave OPEC if its oil quota is not raised, according to sources. The warning comes as pressure builds on OPEC following the UAE's exit.
The dispute remains unresolved as coverage of the story has quieted.
Epilogue added 47d ago, after coverage quieted.
The reporting (5)
- Why Iraq’s threat to leave OPEC may be the final nail in the cartel’s coffin MarketWatch · 50d ago
- Iraq Warns It Might Quit OPEC If It Doesn’t Get Quota Hike Bloomberg · 50d ago
- Iraq Could Quit OPEC in Bid to Pump More Oil Crude Oil Prices Today | OilPrice.com · 50d ago
- Iraq piles pressure on OPEC over quota dispute after UAE exit CNBC · 50d ago
- EXCLUSIVE: Iraq warns it might leave OPEC if oil quota not raised, sources say Reuters · 50d ago broke it first
Where it stands
Iraq is threatening to leave OPEC in an effort to increase its oil pumping capacity. According to an exclusive report from Reuters and further coverage by Bloomberg and OilPrice.com, the move follows a dispute over current production quotas.
Reports from CNBC highlight that this pressure comes after the UAE has already exited the organization. MarketWatch describes the potential departure as a significant threat to the stability of the cartel.
Future developments depend on whether OPEC grants the requested quota hike to prevent Iraq's exit.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 49d ago.
Answered
Why is Iraq threatening to leave OPEC?
Iraq is seeking a hike in its oil production quota to pump more oil.
Which other member has recently left the organization?
According to CNBC, the UAE has already exited OPEC.
Which outlets are reporting on this dispute?
The situation is being covered by Reuters, Bloomberg, CNBC, MarketWatch, and OilPrice.com.
Velocity
How fast coverage is spreading — measured hourly from article rate × source diversity. How this works →
People, places & organizations
Topics
Related trends
U.S. and Saudi Arabia strike "Iran-aligned terrorists" in Iraq
US and Saudi Arabia launch joint strikes against Iran-aligned groups in Iraq
When Is the Best Time to Take Creatine?
A wave of articles is debating the perfect moment to dose creatine, from gym lifts to late‑night brain fog.
Iran targets American strongholds around the Gulf while US hits more Iranian military sites
Drones target US forces in Iraq as tensions between the United States and Iran intensify in the Gulf region.
Live Updates: Iran targets U.S. bases in Jordan and Iraq as raging war depletes U.S. interceptor stockpiles
Iran has launched attacks against U.S. bases and infrastructure across the Middle East, sparking rare retaliatory strikes from Gulf nations.
Dubai Firm Cuts Deal for New Port to Bypass Strait of Hormuz
DP World has secured a 50-year concession to construct two new container terminals on the UAE's eastern coast.
Thousands Of Trucks Haul Iraq’s Oil Through Syria In Sign Of Hormuz Legacy
Iraq is utilizing thousands of trucks to move oil through Syria as regional hostilities disrupt traditional shipping routes.