Ever since OPEC teamed with Russia and other allies in late 2016 to tackle a global oil glut through production cuts, Iraq has been a reluctant participant, repeatedly flouting its quota. Receive daily email alerts, subscriber notes & personalize your experience. Register Now But Iraq’s serial overproduction has escalated from mere irritant to a head-on confrontation with OPEC+ kingpins Saudi Arabia and Russia. A deal to extend the alliance’s hefty 9.7 million b/d production cut agreement through at least July hangs in the balance, as Saudi Arabia and Russia seek guarantees from Iraq and other pump-happy members, such as Nigeria and Kazakhstan, that they will not only adhere to their quotas, but compensate for their overproduction with deeper cuts in the […]