NBC Evening News for Tuesday, Mar 04, 1975
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(Studio) OPEC (Organization of Petroleum Exporting Countries) holds summit conference in Algeria. Saudi Arabia's King Faisal not present, however.
REPORTER: John Chancellor
(Algiers, Algeria) Moderate Shah of Iran tries to convince other cntrys. that direct clash with United States and other industrialized nations would be mistake. Shah and King Faisal want to see price of oil linked with exports from consumer nations. Conf. must also decide what to do about new problem of oversupply; demand for oil off due to worldwide recession and conservation measures.
REPORTER: John Palmer
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