Iraq Seeks Quota Boost in OPEC+ Review

Iraq is seeking to boost its oil production quota as OPEC and its allies conduct an audit of members' capacities. The country, the group's second-biggest producer, wants future targets to be calculated from a baseline of 6 million barrels per day, up significantly from its current level.

This move comes as part of a review aimed at determining how much oil each member can pump next year. Iraq is pushing for an increase in its quota, which would be a substantial upgrade from its recent production levels.