Iraq's Oil Ministry denies PM discussed OPEC exit

Could Iraq Quit OPEC if Production Quota Dispute Escalates?

Iraq is considering all available options, including a potential exit from OPEC, if the producer group does not significantly increase its oil production quota, according to sources familiar with Iraqi oil policy. The warning comes as Iraq faces mounting economic pressure following the Iran war and seeks to boost oil revenues to support its finances. [] The post Could Iraq Quit OPEC if Production Quota Dispute Escalates? appeared first on Modern Diplomacy.

Iraqi Oil Ministry denies reports of threat to leave OPEC

Iraqi Oil Ministry denies reports of threat to leave OPEC

World : Iraqi Oil Ministry Denies Reports Of Potential OPEC Exit, Urges Output Quota Reassessment

ISTANBUL, June 25 (Bernama-Anadolu) -- Iraq’s Oil Ministry denied claims that Baghdad is threatening to withdraw from OPEC, after Bloomberg reported on Thursday that the country could eventually reconsider its membership if its production quota is not raised, Anadolu Ajansi (AA) reported.

Following the UAE’s Lead, Iraq Warns It Could Leave OPEC. Here’s What That Would Mean for Oil Stocks

Iraq wants to pump more oil in the future.

Iraq Denies Plans to Leave OPEC amid Dispute Over Oil Production Quotas

Iraq denied reports suggesting that Baghdad is considering ending its membership in OPEC, while reaffirming its push for a significant increase in its oil production quota within the organization.

Iraq threatens to leave OPEC if oil quota isn’t raised: Report

Iraq, the second-biggest producer in OPEC, reportedly threatened to leave the cartel if the oil quota isn’t significantly raised. The threats came shortly after the United Arab Emirates left the organization last month, saying that it wanted to boost its oil output. Iraq’s already struggling economy has borne through months of crisis, and a senior []

Iraq rethinking its OPEC membership due to oil production limits

ALBAWABA - In a Reuters exclusive report: Iraq, one of the founding members of OPEC, is now considering leaving the organization after Strait of Hormuz disruptions and limited oil production quotes hit the county hard...

Iraq Warns It May Reconsider OPEC Membership Without Higher Output Quota

Iraq says it may reconsider OPEC membership if the group fails to approve a significant increase in its oil quota.

JUST IN: 🇮🇶 Iraqi Prime Minister says there is "no evidence"

JUST IN: Iraqi Prime Minister says there is no evidence recent attacks on Gulf nations came from Iraq.@BRICSNews

Iraq Walks Back Threat On Leaving OPEC Over Output Limits

Iraq isn't considering leaving OPEC, the nation's oil ministry said.

Oil Extends Decline as Iran Waiver Signals Peace Talks Progress

Oil extended declines on signs of progress toward an agreement to end the Iran war, which included a US waiver allowing some sales of crude and fuels from the Islamic Republic.

Press review: UK PM to continue predecessor policy as US reshapes oil market beyond OPEC+

Top stories from the Russian press on Tuesday, June 23rd

Iraq PM Says No Evidence Gulf Attacks Originated from Iraqi Territory

BAGHDAD, June 30: Iraqi Prime Minister Ali Al-Zaidi said there is no evidence that attacks targeting Gulf states were launched from Iraqi territory, while reaffirming that Baghda...

Commodities: Oil Market Shrugs Off Persian Gulf Escalation

Commodities: Oil Market Shrugs Off Persian Gulf Escalation

OPEC+ reportedly expected to approve another oil output increase for August

OPEC+ reportedly expected to approve another oil output increase for August

Iraq urges Opec to raise its quota

Iraq urges Opec to raise its quota Iraq has urged Opec to increase its oil production quota considering the country's history of conflicts and the recent war that have damaged its industry, the oil ministry said Thursday. Like other oil producers, Iraq, a founding member of Opec, was greatly affected by the US-Israeli war on Iran, as it is hugely dependent on oil exports, which make up about 90 percent of its budget revenues. Iraq's oil ministry said that the country has consistently emphasised the importance of reassessing production baselines to ensure they are aligned with the sustainable production capacities of member countries, and in respect of Iraq's unique security and economic circumstances. Opec has responded by launching a process to reassess its members states' capacities, the ministry said.

Gulf Cooperation Council Backs Iraq’s New Government During Baghdad Visit 

Iraqi Foreign Minister Fuad Hussein and Gulf Cooperation [] The post Gulf Cooperation Council Backs Iraq’s New Government During Baghdad Visit appeared first on The Media Line.

Iraq signs five-year oil field management contract with Halliburton

Iraq signs five-year oil field management contract with Halliburton

Less pain at the petrol pump, but more pain is coming on grocery bills

Oil prices have subsided from wartime peaks – but the Reserve Bank fears prices for food are likely to continue climbing.

Oil Market Risks Breaking $100, Eni CEO Warns

Claudio Descalzi, CEO of Italy’s state‑controlled energy group Eni, warned that if the Middle East conflict drags on, the global oil market will break out of its current 80–100 band by early 2027, fueling inflation and curbing energy demand, according to Reuters, citing Descalzi’s interview with Il Sole 24 Ore newspaper. The release of strategic [] The post Oil Market Risks Breaking 100, Eni CEO Warns first appeared on Egypt Oil Gas.

Hours to War or Peace

Oil is edging up, while bitcoin and stocks are steady hours before a ceasefire between US and Iran expires with it unclear diplomacy will prevail.

Beyond Denial – How Oil Execs Shaped a Landmark Climate Study

Beyond Denial – How Oil Execs Shaped a Landmark Climate Study Ira Mon, 06/29/2026 - 00:21

Brent Crude Declines as US-Iran Talks Conclude in Switzerland | Dawn News English

Brent crude prices declined after the conclusion of US-Iran talks in Switzerland, as signs of diplomatic progress eased concerns about disruptions to global oil supplies. Markets reacted to reports of a 60-day roadmap toward a broader agreement, raising expectations that Iranian oil exports could continue flowing and regional tensions may ease. --------------------------------------------------------------------------------------------------------------------------- Dawn News English is your window into the latest news, insight, and features from South Asia and beyond. Website: www.dawn.com Official Facebook:https://www.facebook.com/dawnnewsenglish Official Twitter: https://x.com/dawnnewsenglish Official Instagram: https://www.instagram.com/dawnnewsenglish #brentcrude #oilprices #usirantalks #energymarkets #geopolitics #globaleconomy #middleeast #dawnnewsenglish #news #latestnews #dawnnewsenglish #dawnnews

Oil Posts Largest Quarterly Price Drop in 6 Years

Oil prices on Tuesday logged their biggest quarterly drop in six years, after an extended U.S.-Iran cease-fire in June ...

The Hormuz Crisis and India’s 100-Day Test

The real success of the Union Ggovernment’s handling of the crisis, however, is its decision not to pass on the spike in crude oil prices to the ordinary consumer

Oil prices jump nearly 6% after Trump says ceasefire with Iran is 'over'

Oil prices have surged nearly 6 after U.S. President Donald Trump said the interim agreement with Iran is “over,” though he will allow talks to continue.

OPEC+ companies slightly boosting production as oil prices slide

A group of oil-exporting countries has agreed to a modest increase in oil production, though current prices are already relatively low. Seven OPEC+ nations have said they will increase their production goals by 188,000 barrels per day. The participating countries are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. Multiple nations in the Middle...

Petrol Price: FG directs NMDPRA to end profiteering by oil marketers

By Obas Esiedesa, Abuja The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure that petroleum marketers do not exploit Nigerians through excessive pricing under the deregulated downstream market. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, gave the directive on Monday in Abuja while delivering the [] The post Petrol Price: FG directs NMDPRA to end profiteering by oil marketers appeared first on Vanguard News.

Oil price drop and Iran–US deal hopes ease pressure on Reserve Bank – Mark Lister

Oil price drop and Iran–US deal hopes ease pressure on Reserve Bank – Mark Lister

Muslim group urges Nigerian Govt to force fuel price down below N700 per litre

The Muslim Media Watch Group of Nigeria, MMWG, has called on the Federal Government to compel petroleum marketers to reduce fuel prices, arguing there is “no basis” to keep petrol above N1,000 per litre now that global oil prices have dropped to pre-war levels. In a statement issued on Friday and signed by its National Coordinator, Alhaji [] Muslim group urges Nigerian Govt to force fuel price down below N700 per litre

Oil prices fall after U.S.–Iran talks conclude in Switzerland

London, June 22 (SANA) Oil prices declined on Monday in global markets after the conclusion of U.S.–Iran talks in Switzerland, which were described as positive, and following reports that Tehran secured exemptions for oil and petrochemical exports, easing concerns over potential supply disruptions. Reuters reported that Brent crude fell 1.90 to 79.04 per barrel. U.S. []