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SummaryEight OPEC+ members met online OPEC+ cites steady economic outlook, healthy fundamentals Started unwinding output cuts in April For more detail on OPEC+ unwinding its cuts, see Explainer LONDON/MOSCOW, May 31 (Reuters) - The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels per day for July as it looks to wrestle back market share and punish over-producers. Having spent years curbing production - more than 5 million barrels a day (bpd) or 5% of world demand - eight OPEC+ countries made an modest output increase in April before...

OPEC's last hurrah?Commentary: Long-lasting consequences if cartel failsBy Joe DuarteLast Update: 12:04 AM ET Jan. 11, 2003 NEW YORK (CBS.MW) -- Are OPEC's days numbered? The possibility is higher than most people are willing to admit. As the U.S. nears its almost certain invasion of Iraq, and potentially establishes a long term foothold in the Middle East, events are likely to follow that will change the world as we know it perhaps for the rest of the 21st century.Even as the major media postulates that oil prices could reach $40 to $50 per barrel it is important to note that...