NBC Evening News for Monday, Jun 19, 1978
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(Studio) OPEC (Organization of Petroleum Exporting Countries) decision to freeze oil prices for year, due mainly to Saudi Arabia position against price hike, reported OPEC (Organization of Petroleum Exporting Countries) meeting in Geneva mentioned.
REPORTER: John Chancellor
(Geneva, Switzerland) Radical Arabs' argument for price increase due to dollar devaluation and resulting OPEC (Organization of Petroleum Exporting Countries) losses and Saudi oil minister Sheik Yamani's successful opposition to move reported Exs. given of dollar devaluation in Switzerland. [YAMANI - explains prospect.] Yamani's denial of connection between Saudi stand on price increase and United States agreement in Congress to sell war planes to Saudi Arabia mentioned.
REPORTER: John Cochran