ABC Evening News for Monday, Jan 24, 1983
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(Studio) Failure of OPEC (Organization of Petroleum Exporting Countries) conference to agree on product cutbacks due to individual mbrs.' refusal to yield reported.
REPORTER: Peter Jennings
(Geneva, Switzerland) Conflict between Saudi Arabia and Iran over prices and implications for the cartel examined. [Saudi Sheik Ahmed Zaki YAMANI - considers meeting a complete failure.] [Kuwaiti oil minister Ali al-Khalifa al-SABAH - will protect own ints.] Possible impact of price war on United States considered.
REPORTER: Greg Dobbs
(New York City) Probable continued drop in gasoline and home heating oil prices in United States as result of OPEC (Organization of Petroleum Exporting Countries) disunity noted. [Dan LUNDBERG - considers outcome.] Dow Jones ind. average today reported [MAN - thinks OPEC (Organization of Petroleum Exporting Countries) indecision helped.] Merrill Lynch's predicted decline in market in coming weeks discussed. [MAN - anticipates drop in Dow as result of rising interest rates.]
REPORTER: Dan Cordtz