Loading…
The IEA estimates Iraq produced 4.1 million barrels per day in September, nearly 900,000 bpd below Baghdad’s claim and below its stated sustainable capacity of 4.87 million bpd. The discrepancy complicates Iraq’s bid for a higher OPEC+ quota, while the alliance says compliance is assessed on production rather than exports.
If Iraq’s quota request is weakened, its scope to raise production may be limited, tightening potential supply and supporting crude prices. Greater scrutiny of quota compliance could also constrain output from other members.
foreignpolicyjournal.comEwan ScottNov 9, 2026After 36 past bullish trade events, Crude Oil (WTI) moved a median +1.6% over 5 sessions (69% higher; middle half -2.0% to +4.5%), and +0.7% over 20.
After 16 past bullish trade events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (81% higher; middle half +0.5% to +4.8%), and +5.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
