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Another OPEC Exit? Iraq Warns It Could Abandon Oil Cartel If Quota Hike Rejected
Another OPEC Exit? Iraq Warns It Could Abandon Oil Cartel If Quota Hike Rejected
Iraq is sending a warning shot to OPEC: raise Baghdad's oil production quota to better reflect its capacity and fiscal needs, or risk yet another defection from the oil-producing cartel.
"The ministry currently has no intention of withdrawing from OPEC, and we remain committed to operating within the organization's framework and mechanisms," Oil Ministry spokesman Salim Al-Rikabi told Bloomberg via a text message.
Al-Rikabi warned, "Of course, taking into consideration that the Ministry is moving forward with...
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Aug 29, 2026 / Tyler Durden
AI Skepticism Outweighs Excitement In The US
AI Skepticism Outweighs Excitement In The US
Despite the tech industry’s conviction that the rise of AI is an inflection point that will change the course of humanity, many humans remain skeptical whether the new direction we’re headed in is the right one.
As Statista's Felix Richter reports below, the pace at which AI seems to be taking over parts of our lives, whether we like it or not, is especially worrisome to many.
In a recent Statista Consumer Insights survey, 31 percent of U.S. respondents said that they were worried about the...
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Aug 4, 2026 / Tyler Durden
SpaceX Slides Despite Big Revenue Beat, Tame CapEx
Jun 18, 2026 / Tyler Durden
Which States Brew The Most Craft Beer?
Which States Brew The Most Craft Beer?
American craft brewers produced roughly 22 million barrels of beer in 2025, the equivalent of more than 7 billion 12-ounce cans. That output is concentrated in a few key states.
This map, via Visual Capitalist's Niccolo Conte, shows the barrels of craft beer produced in every U.S. state in 2025, based on data from the Brewers Association.
Figures reflect the association’s June 2026 revision and cover all 50 states plus Washington, D.C.
To count as craft, a brewery must produce no more than 6 million barrels per...
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