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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.

(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

Jennings, Peter;
Lee, Mike;
Peterson, Roger;
Robinson, Max

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