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OPEC Conference #286550

CBS Evening News for Monday, Jan 24, 1983
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(Studio) OPEC (Organization of Petroleum Exporting Countries) conference reported unable to reach agreement on price differentials and product levels; implications for consumers and international oil glut considered.
REPORTER: Dan Rather

(Geneva, Switzerland) [Saudi Sheik Ahmed Zaki YAMANI - considers meeting a failure.] Cartel's disunity examined. [Iranian translator Hamid ZAHERI - attacks Saudi Arabia.] [YAMANI - is concerned with stability of oil prices.] [Oil economy Walter LEVY - notes implications for oil explorations by US.] Glut of Alaska pipeline oil and declining exploration off California coast noted. [Analyst Dan LUNDBERG - predicts further price drop.]
REPORTER: Mark Phillips

(NYC) OPEC (Organization of Petroleum Exporting Countries) disunity's impact on stock market today examined; closing Dow Jones av. noted. STK. MKT. REPORT [E.F. Hutton spokesperson Thomas STILES - notes seriousness of international oil debts; criticizes Reagan administration] Possible course of economy events described.
REPORTER: Ray Brady

(Studio) Current OPEC (Organization of Petroleum Exporting Countries) price discussed.
REPORTER: Dan Rather

Reporter(s):
Brady, Ray;
Phillips, Mark;
Rather, Dan
Duration:
00:04:00

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