• Short Summary

    The three-day conference of the World's major oil exporting countries ended on Friday (17 December) amid sharp disagreement on the level of future price increases.

  • Description

    The three-day conference of the World's major oil exporting countries ended on Friday (17 December) amid sharp disagreement on the level of future price increases. The majority of the 13-nation Organisation of Petroleum Exporting Countries (OPEC) confirmed their intention to put up their oil prices by 10 per cent on the first of January, and by another five per cent six months later. But two OPEC members -- Saudi Arabia and the United Arab Emirates -- announced they would hold their price increase to five per cent for the entire year. Chris Drake reports on the end of the conference, while the Saudi Arabian Oil Minister, Sheikh Ahmed Zaki Yanani told John Palmer why he didn't think the decision would mean an oil price war.

  • Tags

  • Data

    Film ID:
    VLVAMCP8W2EJFFEBEA37K51GNXCR
    Media URN:
    VLVAMCP8W2EJFFEBEA37K51GNXCR
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    17/12/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:36:00
    Time in/Out:
    /
    Canister:
    N/A

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