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Iraq Negotiates Higher OPEC Oil Production Quota
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Why This Matters
Iraq is negotiating with OPEC to increase its oil production quota from 4.4 million barrels per day to 5.5 million barrels per day, reflecting the country's rising output capacity.
Market Impact
Market impact analysis based on bullish sentiment with 80% confidence.
Sentiment
Bullish
AI Confidence
80%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Iraq is in discussions with OPEC to review its oil production quota as output capacity rises, Hayan Abdul Ghani, the Oil Minister of OPEC’s second largest producer, said on Monday. Iraq is in talks with OPEC to reassess its production quota within the country’s available production capacity of 5.5 million barrels per day (bpd), Reuters quoted Abdul Ghani as saying at an oil conference today. Iraq has a current quota of 4.4 million bpd and is committed to sticking to it despite its larger production capacity, the minister said.…
Original article published by
OilPrice.com
on October 27, 2025.
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