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Iraq Stays in OPEC but Demands More: What the Quota Dispute Means for the Cartel

6/25/2026

Iraq has decided against leaving OPEC, Reuters reported, but the country is pressing the oil producers' group for a larger output quota rather than walking away.

The development follows the United Arab Emirates' exit from the organization, a departure that has already strained relations inside the cartel and emboldened members with their own grievances.

What an OPEC Quota Is and Why It Matters OPEC — the Organization of the Petroleum Exporting Countries — manages how much crude oil its members are allowed to pump.

Each member receives a quota, a production ceiling that the group collectively negotiates.