OPEC ministers back simple pricing plan in Vienna
OPEC ministers agreed in principle to a simple unified crude price system linked to an index of 20 to 30 international commodities. They postponed 1975 price decisions, with Amouzegar predicting Friday's ruling and Yamani noting no near price increases. A bomb scare briefly halted talks at OPEC headquarters.
MENTIONED IN THIS ARTICLE
Vienna
UPI
Jamshid Amouzegar
Organization of Petroleum Exporting Countries
OPEC
Ahmed Zaki Yamani
Amouzegar
Iran
Alberta to raise price on crude to aid oil industry
Alberta plans a spring price increase on its crude oil to bolster the province’s petroleum sector. Ottawa cuts oil exports to 650000 barrels daily after year’s start to reserve oil for Canadian use. Wellhead price is 6.50 dollars. federal tax on exports is 5.40 dollars per barrel to offset imports.
MENTIONED IN THIS ARTICLE
Alberta
Calgary
Canada
United States
Ottawa
Wellhead
Middle East
Venezuela
Kissinger urges NATO on economic unity and oil clash
Secretary of State Henry Kissinger told NATO leaders that confronting oil producers would bring disaster and warned inflation and unemployment have no common cure. He pressed Western cooperation to meet world economic pressures while noting fears of recession and its impact on defense.
MENTIONED IN THIS ARTICLE
Henry Kissinger
NATO
Brussels
UPI
Henry A. Kissinger
Kissinger
North Atlantic Treaty Organization
Europe
Japan
Joseph Luns
Also Mentioned on This Page
Peter Lougheed
Great RB Furniture
James Callaghan
Callaghan
West
Hans- Dietrich Genscher
Vladivostok
U.S
Jean Sauvagnargues
Ford
Valery Giscard d’Estaing
Caribbean
Martinique
Sauvagnargues
Cyprus
Britain
Greece
Turkey
Varat
Sayg
Sausan
Gomlart
Masgneg
Pifety Wite
Sale
Sir Laghhaaight
Sun
Atweather
Scotch Pines
Christnas
Pare As
Hese
Cotor Bts
Lakewood Carson
Porremnr