Iraq may reconsider its membership in OPEC if the producer group does not raise the country’s oil production quota, Bloomberg reported on June 25, citing Iraq’s Oil Ministry.

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

The reported threats came shortly after the UAE left the organization last month, saying that it wanted to boost its oil output.