# Iraq Taps OPEC to Increase Oil Production Quota

> Iraq is seeking a higher OPEC production and export ceiling in talks with the group, Oil Minister Bassim Khudair said. He said Iraq remains committed to its current ceiling of 4.431 million barrels per day, while arguing that higher production would support government revenues and infrastructure plans.

- Date: 2026-11-08 · published 2026-11-08T09:14:46.683Z
- Category: trade · region Iraq · magnitude low
- Page: https://feedsoft.ai/events/87361-iraq-taps-opec-to-increase-oil-production-quota
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A higher Iraqi quota could add crude to global supply and weigh on oil prices if production and exports rise. The request alone does not change current output, so the immediate price effect is limited.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-10-31 | [Oil approaches 2-year highs but US export increase looms crude exports \| The National](https://feedsoft.ai/events/68150-oil-approaches-2-year-highs-but-us-export-increase-looms-crude-exports-the.md) | +5.9% | +7.1% |
| WTI | 2017-01-23 | [OPEC's 'fantastic' cuts fail to lift oil as market frets over Trump's protectionist policies - Financial Post](https://feedsoft.ai/events/73143-opec-s-fantastic-cuts-fail-to-lift-oil-as-market-frets-over-trump-s.md) | +1.6% | +2.0% |
| WTI | 2017-01-04 | [Oil: Top OPEC members put 'pedal to the metal' ahead of output cuts](https://feedsoft.ai/events/72915-oil-top-opec-members-put-pedal-to-the-metal-ahead-of-output-cuts.md) | -2.9% | +2.9% |
| WTI | 2018-04-24 | [US oil hurts Nigeria, OPEC in Europe – NMPC](https://feedsoft.ai/events/65672-us-oil-hurts-nigeria-opec-in-europe-nmpc.md) | +0.9% | +6.3% |
| WTI | 2025-04-04 | [Oil dives 7% to lowest in over 3 years on China's tariffs](https://feedsoft.ai/events/6315-oil-dives-7-to-lowest-in-over-3-years-on-china-s-tariffs.md) | -10.2% | -12.0% |
| BRENT | 2017-01-23 | [OPEC's 'fantastic' cuts fail to lift oil as market frets over Trump's protectionist policies - Financial Post](https://feedsoft.ai/events/73143-opec-s-fantastic-cuts-fail-to-lift-oil-as-market-frets-over-trump-s.md) | -0.2% | -0.2% |
| BRENT | 2017-01-04 | [Oil: Top OPEC members put 'pedal to the metal' ahead of output cuts](https://feedsoft.ai/events/72915-oil-top-opec-members-put-pedal-to-the-metal-ahead-of-output-cuts.md) | -3.3% | +0.4% |
| BRENT | 2025-04-04 | [Oil dives 7% to lowest in over 3 years on China's tariffs](https://feedsoft.ai/events/6315-oil-dives-7-to-lowest-in-over-3-years-on-china-s-tariffs.md) | -9.8% | -13.9% |

## Sources

- egyptoil-gas.com: https://egyptoil-gas.com/news/iraq-taps-opec-to-increase-oil-production-quota/

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