This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
Saudi price pause aims to curb oil hikes worldwide
Saudi Oil Minister Yamani said Saudi Arabia will raise its oil price by 5 percent on January 1 and lift production ceilings, a move he argued would curb broader OPEC price increases. He forecast other members’ 10 percent hikes would not hold, with Iran favoring a 15 percent rise. He noted Beijing-style moderation could ease friction at North South talks and the Arab-Israeli conflict, while warning against a market flood. The UAE will join the 5 percent rise through 1977, and the wider impact could total about a $2 billion annual shift in U.S. energy costs.
MENTIONED IN THIS ARTICLE
Doha
Qatar
API
Ahmed Zaki Yamani
Yamani
Organization of Petroleum Exporting
OPEC
Saudi Arabia
Paris
U.S
Jimmy Carter
United Arab Emirates
Iran
Economic Commission
Washington