OPEC faces new turmoil as Iraq considers exit over oil quotas (opens original article in a new tab)

Iraq is exploring options including exiting OPEC due to oil quota disputes, driven by financial crises and reduced oil production.

• Iraq considers exiting OPEC over oil quota disputes
• Iraq's financial crisis worsened by conflict with Iran and restricted exports
• Iraq's oil production fell to a decade-low of 1.5 million barrels per day in April 2026