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OPEC Summit #63564

ABC Evening News for Tuesday, Dec 16, 1980
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(Studio) OPEC (Organization of Petroleum Exporting Countries) price increase reported.
REPORTER: Peter Jennings

(Bali, Indonesia) Saudi Arabia noted taking lead in announcing price incr. [OPEC (Organization of Petroleum Exporting Countries) secretary general Rene ORTIZ - announces increase] Anticipated price increases by OPEC (Organization of Petroleum Exporting Countries) members outlined; continuing tension at summit over Iran-Iraq war examined. Iranian delegate noted hinting that his nation's post-hostage oil policy towards United States will improve. [Iranian deputy oil min. Hassan SADAT - comments.] Implications of today's gesture by Sheik Yamani, under pressure from Iran, considered.
REPORTER: Mike Lee

(DC) Predicted impact of OPEC (Organization of Petroleum Exporting Countries) price hike on United States gasoline and heating oil examined; details outlined on screen. Other areas of energy affected listed on screen, discussed.
REPORTER: Roger Peterson

(Studio) Further discussion of national economy situation announced for tonight's "Nightline."
REPORTER: Max Robinson

Reporter(s):
Jennings, Peter;
Lee, Mike;
Peterson, Roger;
Robinson, Max
Duration:
00:02:30

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