# Iraq seeks higher OPEC+ oil quota for 2027

> Iraq said it is seeking a production ceiling above its current 4.431 million barrels per day for 2027, citing increased production and capacity expansion plans. Any increase depends on OPEC+ agreement and the group’s assessment of members’ sustainable capacity; Iraq said it would maintain production and exports despite regional tensions and the Strait of Hormuz closure.

- Date: 2026-11-07 · published 2026-11-07T18:13:35.450Z
- Category: policy · region Iraq · magnitude low
- Page: https://feedsoft.ai/events/86314-iraq-seeks-higher-opec-oil-quota-for-2027
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A higher quota could allow more Iraqi crude onto the market, adding supply and weighing on crude prices if approved. The increase is not yet agreed, so the near-term price effect is limited.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-08-02 | [OPEC+ set for September quota increase followed by pause, sources say By Reuters](https://feedsoft.ai/events/17825-opec-set-for-september-quota-increase-followed-by-pause-sources-say-by-reuters.md) | -7.5% | -1.7% |
| WTI | 2024-03-25 | [Opec+ 8 agree 137,000 b/d quota hike for November \| Latest Market News](https://feedsoft.ai/events/31115-opec-8-agree-137-000-b-d-quota-hike-for-november-latest-market-news.md) | +4.1% | +3.2% |
| WTI | 2025-05-28 | [OPEC+ adopts plan for 2027 baselines ahead of July output hike talks](https://feedsoft.ai/events/24602-opec-adopts-plan-for-2027-baselines-ahead-of-july-output-hike-talks.md) | +4.1% | +6.9% |
| WTI | 2025-04-30 | [Oil Traders Brace For Another Saudi-Led OPEC+ Oil Supply Surge](https://feedsoft.ai/events/25327-oil-traders-brace-for-another-saudi-led-opec-oil-supply-surge.md) | -2.3% | +1.5% |
| WTI | 2022-07-18 | [OPEC+ Agrees to 100,000 bpd Oil Production Increase for September](https://feedsoft.ai/events/40406-opec-agrees-to-100-000-bpd-oil-production-increase-for-september.md) | -2.2% | -5.0% |
| BRENT | 2026-08-02 | [OPEC+ set for September quota increase followed by pause, sources say By Reuters](https://feedsoft.ai/events/17825-opec-set-for-september-quota-increase-followed-by-pause-sources-say-by-reuters.md) | -8.5% | -4.2% |
| BRENT | 2024-03-25 | [Opec+ 8 agree 137,000 b/d quota hike for November \| Latest Market News](https://feedsoft.ai/events/31115-opec-8-agree-137-000-b-d-quota-hike-for-november-latest-market-news.md) | +1.9% | +2.3% |
| BRENT | 2025-05-28 | [OPEC+ adopts plan for 2027 baselines ahead of July output hike talks](https://feedsoft.ai/events/24602-opec-adopts-plan-for-2027-baselines-ahead-of-july-output-hike-talks.md) | +3.7% | +6.1% |

## Sources

- shafaq.com: https://shafaq.com/en/Economy/Iraq-seeks-higher-OPEC-oil-quota-for-2027

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