Iraq Weighs OPEC Exit Amid Stagnant Production Quotas

While Baghdad maintains a formal commitment to the group for the time being, the pressure to secure better terms has intensified. The government is aggressively working to restore its export capacity, aiming for a significant production surge in the coming years that current OPEC quotas strictly prohibit. Should Iraq choose to leave, it would represent a second major defection following the United Arab Emirates’ exit earlier this year, further eroding the cartel's collective influence over global energy markets.