Shafaq media cited Iraqi government sources on Wednesday saying Iraq is considering exiting OPEC if the group refuses Baghdad’s request to raise its production quota to parity with some members. The quota bid is part of a broader plan to expand exports and recoup recent war-related losses. Baghdad is also evaluating the market impact of exceeding OPEC limits, including a potential rise in global crude supply and downward pressure on oil prices. A government source said any decision on output inc

Shafaq media cited Iraqi government sources on Wednesday saying Iraq is considering exiting OPEC if the group refuses Baghdad’s request to raise its production quota to parity with some members. The quota bid is part of a broader plan to expand exports and recoup recent war-related losses. Baghdad is also evaluating the market impact of exceeding OPEC limits, including a potential rise in global crude supply and downward pressure on oil prices. A government source said any decision on output increases or an OPEC exit could come after the Iraqi prime minister’s planned mid‑next‑month visit to Washington.