41.   Iraq has recast itself as an OPEC price hawk, and Faraj said his nation played a pivotal role in securing recent cuts in oil output.

42.   It would likely enjoy strong growth in oil output and better able to compete with its U.S. and European rivals, analysts said.

43.   Mr Williamson said news of a reduction in global oil output could weigh on market sentiment.

44.   Oil output shrank by two percent in April due to Iraq boycott ISRAEL-PALESTINIANS.

45.   OPEC announces it will keep oil output at current levels.

46.   Oil output is likely to continue its downward slide next year.

47.   On the news front, OPEC oil ministers are meeting for a second day on whether to boost oil output.

48.   OPEC members formally agree to keep oil output at current levels.

49.   OPEC members have complained before to Norway and Britain about rising oil output in the North Sea, and the cartel got no satisfaction.

50.   One energy analyst forecast that the overall decrease in oil output would nudge gasoline prices higher but said he expected the rise would be modest.