Iraq Pushes OPEC for Higher Output, Rejects Exit Speculation | LIVE
Iraq has warned it could leave OPEC unless the oil producers' group grants it a significantly higher production quota. Baghdad argues that its current output limits no longer reflect its production capacity or economic needs, as it seeks to increase oil production to finance reconstruction and development. The dispute comes as OPEC debates future production baselines and follows the UAE's exit from the organisation over a similar disagreement. If Iraq, OPEC's second-largest producer and one of its founding members, were ever to leave, it would deal a major symbolic and strategic blow to the cartel. Here's why Iraq is challenging OPEC, how Saudi Arabia fits into the dispute, and what it could mean for global oil markets. Gursshhen Gahllen tells you more.---
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