Iraq, OPEC’s second-largest oil producer, has nearly reached its limit in accepting the OPEC model of “one size fits all” in terms of output cuts without taking into account members’ economic and political conditions, the country’s deputy prime minister said Nov. 23. “I think, as an Iraqi official, I would say that we have reached the limit of our ability and willingness to accept a policy of one size fits all. We are beginning to articulate that position,” Ali Allawi told a virtual Iraq conference organized by Chatham House. “We should not accept the one-size-fits-all-model that is being pursued now. I do not particularly […]