Iraq Denies OPEC Exit Speculation, Reaffirms Commitment to Higher Production Quota

Iraq has dismissed reports suggesting it is considering leaving OPEC, insisting it remains committed to the producers’ alliance while continuing to seek a higher production quota that better reflects its expanding oil capacity. In a statement, the Iraqi Oil Ministry said recent speculation about a possible withdrawal from OPEC did not represent the government’s official position, […] The post Iraq Denies OPEC Exit Speculation, Reaffirms Commitment to Higher Production Quota appeared first on The Middle East Observer.