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Markets & Energy7h 48m ago
Oil Minister Basim Mohammed Khudair stated Iraq is producing over 5 million barrels per day, exceeding its OPEC+ quota.
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Baghdad, Iraq
Who
Basim Mohammed Khudair, OPEC+
What
Oil Minister Basim Mohammed Khudair stated Iraq is producing over 5 million barrels per day, exceeding its OPEC+ quota.
When
Mon, 09 Nov 2026 00:00:00 GMT · 7h 48m ago
Where
Baghdad, Iraq ·
Why
Dispute over national production quotas ahead of OPEC policy settings for 2027.
What to watch
OPEC+ decisions on 2027 production levels and formal responses to Iraq's output figures.
The Frontline Impact
How this affects you
Exceeding production quotas risks downward pressure on global crude prices and friction within OPEC+ compliance monitoring. Market participants may re-evaluate supply forecasts for the upcoming year.
Story chain
1 event in this threadNo related history yet - this is the origin event.