Appearance
1980Year ALGIERS, June 8 Members of the 13nation Organization of Petroleum Exporting Countries began gathering here today for another attempt to set a single base price for oil and to ease some of the strains in the cartel. OIL PRICE INCREASE IS SHARPLY DISPUTED BY MEMBERS OF OPEC
Saudi Arabia, Calling for Restraint, Predicts Conference in Algiers Will Not Reach Accord Saudis Appear to Be Isolated Three Possibilities Emerging OPEC Members Disagree on Oil Base Price
1982Year Here's a fairly simple way to cut next year's deficit in half, thereby slashing interest rates and starting a rapid return to noninflationary prosperity, without raising taxes or touching defense spending or imposing a freeze on increases in human services. An impossible dream? No, not pie in the sky. The answer was put forward in this space a year ago and makes even more sense in today's urgent straits: The President should turn to Section 232 of the Trade Expansion Act of 1962, which gives him the authority to adjust imports in the interest of national security, and impose a $10 per barrel fee on imported oil. Everybody knows we are in an oil glut
Saudi Arabia, cutting its production drastically, is unable to maintain the OPEC cartel's $34 per barrel price. That moment of vulnerability will not last forever. If we act now, we can smash the cartel once and for all, pre-empting the next price rise and transferring that money from the oil producers to the U.S. Treasury. THE CRUDE SOLUTION
1994Year Defense Secretary William J. Perry was pitching hard, but Prince Sultan was unreceptive. After a late-night banquet of roasted meats and exotic fruit juices at the Saudi Defense Minister's palace in Jidda last month, the talk turned to money. Chilly Partners -- A special report.
Saudi Arabia, Its Purse Thinner, Learns How to Say 'No' to U.S.
1974Year Egypt proposes that oil mins of Arab oil-producing countries meet in Tripoli on March 10 to consider, among other things, easing of oil embargo against US, Middle East New Agency
Saudi Arabia, Kuwait and Abu Dhabi have agreed to attend; Arab diplomats caution against taking it for granted that oil mins will automatically ease embargo against US; Egyptian Pres Sadat is believed eager to show appreciation for Sec Kissinger's peacemaking efforts by asking fellow Arab leaders to ease embargo (M) Egypt Urges Arab Talks On Easing Oil Embargo
1968Year Orgn of Petroleum Exporting Countries (OPEC) begins emergency meeting, Beirut, to consider royalties conflict between 5 of its 9 members and foreign cos
Saudi Arabia, Kuwait, Libya, Qatar and Iran are asking for cancellation of 6.5% allowance which 8 Western-owned oil cos were granted on posted prices under '64 royalty agreements PARLEY AIRS FIGHT OVER OIL ROYALTIES
2000Year OPEC gropes toward consensus on eve of crucial meeting in Geneva to discuss extent and timetable of any oil production increase
Saudi Arabia, largest producer and most powerful OPEC member, favors reducing prices to about $25 per barrel from peak of $34 on March 8, but Iran and Libya remain opposed and positions have hardened in recent days; charts (M) OPEC Divided On Increase In Production