# Iraq isn't seeking exemptions from OPEC+ output cuts: report | S&P Global

> Iraq's oil minister said Iraq did not seek exemption from OPEC+ output cuts because it fears falling prices. Iraq overproduced in October, pumping 3.842 million b/d against a quota of 3.804 million b/d.

- Date: 2020-11-29 · published 2020-11-29T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/50065-iraq-isn-t-seeking-exemptions-from-opec-output-cuts-report-s-and-p-global
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Iraqi overproduction adds supply risk to an already fragile market, though the minister's stance supports maintaining cuts and crude prices.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-10-19 | [OPEC Meeting Ends Without Firm Decision On Output Cuts \| OilPrice.com](https://feedsoft.ai/events/50550-opec-meeting-ends-without-firm-decision-on-output-cuts-oilprice-com.md) | -2.1% | +0.0% |
| BRENT | 2022-12-02 | [OPEC+ decision on oil quotas muddled by Russian sanctions \| S&P Global](https://feedsoft.ai/events/38394-opec-decision-on-oil-quotas-muddled-by-russian-sanctions-s-and-p-global.md) | -12.1% | -2.6% |
| BRENT | 2022-08-22 | [Oil pares losses after Saudi oilmin says OPEC+ has options including cuts](https://feedsoft.ai/events/40195-oil-pares-losses-after-saudi-oilmin-says-opec-has-options-including-cuts.md) | +4.6% | -6.4% |
| BRENT | 2025-11-20 | [Refining Margins Soar as Global Oil Product Markets Tighten \| OilPrice.com](https://feedsoft.ai/events/11480-refining-margins-soar-as-global-oil-product-markets-tighten-oilprice-com.md) | +0.5% | -5.5% |
| BRENT | 2026-03-02 | [Forget OPEC+ output hike. Duration of Hormuz disruption is what matters \| Reuters](https://feedsoft.ai/events/20081-forget-opec-output-hike-duration-of-hormuz-disruption-is-what-matters-reuters.md) | +31.0% | +62.6% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/112920-iraq-isnt-seeking-exemptions-from-opec-output-cuts-report

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.