Baghdad raises stakes in OPEC quota clash

Iraq has signalled that it may reconsider its position inside OPEC unless its production quota is lifted sharply, opening a new dispute inside the oil producers’ group at a time when war-related disruption in the Gulf has strained export revenues and weakened confidence in the cartel’s cohesion. The warning marks an unusually direct challenge from one of OPEC’s five founding members and its second-largest producer after Saudi [...] The article Baghdad raises stakes in OPEC quota clash appeared first on Arabian Post .