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OPEC Stand Could Save $2 Billion for Oil Importers
Reported by Middle East Economic Survey, 11 OPEC members may forego a 5 percent price rise, saving more than $2 billion for oil importing nations in the second half of 1977, though U.S. gasoline prices may not reflect much change.
MENTIONED IN THIS ARTICLE
Nicosia, Cyprus
Organization of Petroleum Exporting Countries
OPEC
John Lichtbau
Petroleum Industry Research Foundation
AUS. Oil Company
Saudi Arabia
United Arab Emirates