Iraq Warns It Might Quit OPEC If It Doesn’t Get Quota Hike (opens original article in a new tab)

Iraq warns it may leave OPEC unless the group increases its oil production quota, highlighting tensions within the organization as members seek greater flexibility in output.

• Iraq warns it may leave OPEC if not granted a higher oil production quota
• OPEC's influence has weakened due to US shale production and member exits like UAE
• Iraq seeks to increase production to match its capabilities and economic needs
• Iraq is one of OPEC's founding members, adding symbolic weight to its potential exit