Iraq & OPEC
25 shared events · Importance 8 · Last updated May 09, 2026
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International
Iraq: Iraq participated in the OPEC online meeting and is affected by the Strait of Hormuz blockade. There is a risk it might leave OPEC due to accusations of surpassing quotas.
OPEC: OPEC increased its oil production quota for June by 188,000 barrels per day, a move intended to demonstrate continuity after the United Arab Emirates' withdrawal and to support oil market stability.
May 03, 2026 · 19 articles
International
Iraq: Iraq's oil exports have been throttled by the Strait of Hormuz closure, leading to significant cuts in its crude oil output.
OPEC: OPEC+ agreed to a modest oil output hike for June, a move designed to signal readiness to raise supplies once the Iran war stops and to show continuity despite the United Arab Emirates's exit.
May 02, 2026 · 31 articles
International
Iraq: Iraq, the third-largest producer in OPEC, has stated it has no plans to leave OPEC as it desires stable oil prices.
OPEC: The departure of the United Arab Emirates, one of its largest producers, significantly weakens OPEC's control over global oil supplies and prices, potentially leading to disarray and reduced influence in managing oil markets.
Apr 28, 2026 · 222 articles
International
Iraq: Iraq is directly affected by the US decision to halt dollar shipments and suspend security cooperation, facing economic and security challenges due to the pressure to dismantle Iran-backed militias.
OPEC: Iraq is a top OPEC producer, and its oil revenues are central to the financial system affected by the US actions.
Apr 21, 2026 · 22 articles
International
Iraq: Iraq's heavier crude fields could take four to five months to return to normal operating levels, contributing to the slow recovery of oil output.
OPEC: OPEC, of which Iran is a member, could see reduced crude exports from Iran due to the United States blockade, although Iran may sustain production by storing oil.
Apr 08, 2026 · 307 articles
International
Iraq: Iraq is among Iran's top trading partners and will face the 25% tariff on trade with the United States if it continues business with Iran.
OPEC: Iran is a member of OPEC, and the tariffs could indirectly affect the global oil market, though OPEC's direct role in this event is minimal.
Jan 12, 2026 · 8 articles
International
Iraq: Iraq is almost wholly reliant on the Strait of Hormuz for oil shipments, highlighting its vulnerability to the strait's closure.
OPEC: The United Arab Emirates' exit from OPEC is expected to deal a major blow to the cartel, impacting global oil supply dynamics.
May 15, 2026 · 20 articles
International
OPEC: OPEC agreed to a modest oil output boost for April, but this is largely insufficient to offset the supply disruptions caused by the Middle East conflict.
Mar 01, 2026 · 42 articles
International
OPEC: OPEC Plus announced an increase in oil production to mitigate the impact of the Middle East conflict on oil prices.
Feb 28, 2026 · 358 articles
International
OPEC: OPEC+ agreed to a modest output increase of 206,000 bpd, which is insufficient to offset potential supply losses from the Strait of Hormuz closure.
Feb 28, 2026 · 35 articles
International
OPEC: Iran, a member of the OPEC, is a significant oil producer, and disruptions to its facilities could impact global supply.
Mar 02, 2026 · 17 articles
International
OPEC: OPEC+ countries announced an increase in crude production by 206,000 barrels per day in April to mitigate supply concerns arising from the conflict.
Mar 01, 2026 · 6 articles
International
OPEC: OPEC agreed to a modest oil output increase, which is unlikely to calm markets amid supply disruptions.
Mar 01, 2026 · 8 articles
International
OPEC: OPEC+ is considering a larger-than-planned oil output increase in response to geopolitical tensions, aiming to stabilize oil markets.
Feb 28, 2026 · 7 articles
International
Apr 13, 2026 · 6 articles
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