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OPEC / Oil #559933

NBC Evening News for Sunday, Nov 27, 1988
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(Studio: Garrick Utley) Efforts by OPEC (Organization of Petroleum Exporting Countries) to work out oil product agreement noted. Report introduced.

(London, England: Rick Davis) Disagreement between OPEC (Organization of Petroleum Exporting Countries) members Saudi Arabia and Iran over OPEC (Organization of Petroleum Exporting Countries) proposals featured; scenes shown from Vienna, Austria, meeting; details given of proposed agreement. [Iran delegate F. BARKESHLI - says whole deal is jeopardized.] [Oil analyst Philip ALGAR - explains Saudi position.] Agreement allowing both Iran and Iraq to produce same amount of oil outlined on screen; scenes shown from war between Iran-Iraq. [ALGAR - says amount of oil available will keep prices below what OPEC (Organization of Petroleum Exporting Countries) wants.]

(Studio: Garrick Utley) Deadlock at OPEC (Organization of Petroleum Exporting Countries) conference reported continuing.

Davis, Rick;
Utley, Garrick

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