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OPEC #277312

CBS Evening News for Monday, May 25, 1981
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(Studio) OPEC (Organization of Petroleum Exporting Countries) meeting in Geneva reported Disagreement among group noted.
REPORTER: Dan Rather

(Geneva, Switzerland) Scenes shown. Iran oil minister's absence due to imprisonment by Iraqis noted. Only action said expression of grief for pres. of Ecuador, killed in plane crash yesterday. Oil glut and indecision with regard to price hike said unresolved. Sheik Ahmed Zaki al-Yamani said in disfavor due to excessive product and price cuts. [Libya, Aboul al Zagaar - speaks of situation.] High OPEC (Organization of Petroleum Exporting Countries) prices said to have reduced demand. Saudi price of $32 barrel contrasted with $41 prices of others. [YAMANI - responds to question.] [United Arab Emirates Manae Said al-OTEIBA won't lower price.] Disagreement over strategy explained.
REPORTER: Ray Brady

Reporter(s):
Brady, Ray;
Rather, Dan
Duration:
00:02:40

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