Iraq News Now

Iraq’s Overproduction Prompts OPEC to Halt Planned Output Increase as Future Oil Strategy Takes Shape

Iraq’s Overproduction Prompts OPEC to Halt Planned Output Increase as Future Oil Strategy Takes Shape
Iraq’s Overproduction Prompts OPEC to Halt Planned Output Increase as Future Oil Strategy Takes Shape

2024-09-09 16:25:08 - From: CHANNEL8


Iraq’s oil industry, despite often underperforming its full potential, continues to wield significant influence. On Thursday, OPEC decided to halt its planned production increase, largely due to Iraq’s persistent overproduction.