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Iraq’s 5 Million Bpd Oil Claim Complicates Its OPEC Quota Push
In simple terms
Iraq's campaign for a larger OPEC production allocation has taken a complicated turn after Oil Minister Basim Mohammed Khudair said the country is already producing more than 5 million barrels per day, more than half a million barrels above its current OPEC+ requirement.
The News
Iraq’s oil minister said the country is producing more than 5 million barrels per day, exceeding its OPEC+ requirement by more than 500,000 barrels per day. The statement comes as Iraq seeks a larger OPEC production allocation. The apparent overproduction complicates that effort because OPEC+…
Earlier coverage
Earlier coverage on GreyNews
- Latest Oil Market News and Analysis for Nov. 9Nov 8, 2026 · Bloomberg
- Iraq Has Reached Understandings With US To Allow Oil Exports Through HormuzNov 8, 2026 · gCaptain
- Oil Traders In Talks With US To Get Sanctioned Ships Back To SeaNov 8, 2026 · gCaptain
- Egypt Eyes Billions in New Investment to Revive Oil and Gas ProductionNov 7, 2026 · OilPrice
- U.S. Oil, Gas Drillers See Minor Uptick as Oil Prices CrashNov 6, 2026 · OilPrice
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