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OPEC Agreement #289063

CBS Evening News for Monday, Mar 14, 1983
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(Studio) OPEC (Organization of Petroleum Exporting Countries) reported reaching pricing and product agreement.
REPORTER: Dan Rather

(London, England) Details of agreement outlined on screen, discussed. [Sheik Ahmed Zaki al-YAMANI - hopes for success.] Possibility of oil price war anyway due to non-OPEC (Organization of Petroleum Exporting Countries) members such as Great Britain dropping their prices considered. [Nigerian minister Yahaya DIKKO - won't forecast situation.] [Analyst Michael UNSWORTH - thinks North Sea oil is overpriced when compared to Nigerian prices.]
REPORTER: Martha Teichner

(New York City) Possible impact of cartel's predicament on United States consumer examined. [Broker Thomas McKIERNAN - thinks situation is good for economy] Data Resources' estimate of financial impact on various areas of nation `s economy outlined on screen, discussed. [Oil company executive Monte WETZLER - anticipates less exploration.]
REPORTER: Ray Brady

Reporter(s):
Brady, Ray;
Rather, Dan;
Teichner, Martha
Duration:
00:04:20

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