Iraq threatens to leave OPEC if oil quota isn’t raised: Report
Iraq, the second-biggest producer in OPEC, reportedly threatened to leave the cartel if the oil quota isn’t significantly raised. The threats came shortly after the United Arab Emirates left the organization last month, saying that it wanted to boost its oil output. Iraq’s already struggling economy has borne through months of crisis, and a senior […]
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Iraq, the second-biggest producer in OPEC, reportedly threatened to leave the cartel if the oil quota isn’t significantly raised.The threats came shortly after the United Arab Emirates left the organization last month, saying that it wanted to boost its oil output. Iraq’s already struggling economy has borne through months of crisis, and a senior oil ministry official told Reuters that Iraq could leave if oil quotas aren’t significantly raised. Recommended Stories Top House Democrat calls for moratorium on data centers Chris Wright says US can control oil flows through Strait of Hormuz even if Iran deal fails Victims who drank jet fuel after Red Hill spill resolve DOJ dispute with $17 million settlement Iraq denied the report, with its oil ministry saying Thursday that the reports “did…
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