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OPEC Conference #71821

ABC Evening News for Tuesday, May 26, 1981
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(Studio) OPEC (Organization of Petroleum Exporting Countries) reported agreeing on price freeze through end of year
REPORTER: Frank Reynolds

(Studio) Current oil glut noted engineered by Saudi Arabia.
REPORTER: Peter Jennings

(Geneva, Switzerland) Saudi Sheik Zaki al-Yamani's apparent success in swaying conference to his position cited; films shown. [OPEC (Organization of Petroleum Exporting Countries) secretary general Rene ORTIZ - outlines price range.] Yamani's response noted; plans for drying up the current glut detailed. Saudi motive discussed; AWACS mentioned.

(NYC) Implications for United States consumers examined. [Gasoline dealer Thomas SAPUNARICH, oil industry analyst Constantine FLIAKOS - discuss future and current situations.] Impact of any Saudi cutback noted taking mos. to be felt.
REPORTER: Dan Cordtz

(Studio) Item recapped at end of broadcast
REPORTER: Max Robinson

Cordtz, Dan;
Jennings, Peter;
Lee, Mike;
Reynolds, Frank;
Robinson, Max

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