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Energy / OPEC #271032

CBS Evening News for Wednesday, Jun 11, 1980
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(Studio) OPEC (Organization of Petroleum Exporting Countries) members Kuwait, Venezuela, Iraq and Qatar reported raising oil prices; details given. Saudi Arabia, largest OPEC (Organization of Petroleum Exporting Countries) exporter, said not following suit.
REPORTER: Walter Cronkite

(Algiers, Algeria) [Saudi oil minister Sheik Ahmed Zaki al-YAMANI - comments on potential for increases] Saudi position with regard to oil price increases outlined. [YAMANI - comments.] No serious price leaps said expected for several mos.
REPORTER: Don Kladstrup

(Studio) Energy Secretary Charles Duncan quoted with regard to OPEC (Organization of Petroleum Exporting Countries) price increases
REPORTER: Walter Cronkite

(New York City) Gasoline supplies and consumer demands in United States examined; details outlined on screen. [New Jersey Gas Retailers Association spokesperson Jerry FERRARA - notes price increases despite decrease consumer demands.] Positions of oil industry, refiners, wholesale gasoline suppliers diagrammed. [Exxon board chairperson Clifton GARVIN - comments.] Gasoline supply and prices for this summer considered.

Brady, Ray;
Cronkite, Walter;
Kladstrup, Don

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