Iraq threatens to leave OPEC if oil quota isn't raised: Report

Iraq, the second-biggest producer in OPEC, reportedly threatened to leave the cartel if the oil quota isn’t significantly raised.

The threats came shortly after the United Arab Emirates left the organization last month, saying that it wanted to boost its oil output. Iraq’s already struggling economy has borne through months of crisis, and a senior oil ministry official told Reuters that Iraq could leave if oil quotas aren’t significantly raised.