Iraq walked back its threat to leave OPEC over production quotas, but the economic pressures driving the ultimatum remain firmly in place.

Iraq's oil exports collapsed over 97% due to the Iran conflict, dropping from 3.32M bpd to 96K bpd. OPEC+ approved a modest quota increase as Iraq scrambles

Iraq will be compelled to consider all options if its quota in the Organization of the Petroleum Exporting Countries (OPEC) is not significantly...

Opec’s second-largest producer has repeatedly pushed for a higher quota