Word: thats
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
After four days of dispute, the meeting in Caracas broke up with hard-line hawks such as Iran, Libya, Nigeria and Algeria planning to charge a minimum of $28.50 per bbl. and perhaps $30 or even more, while other cartel members said that they intended to go no higher than...
The U.S. is already suffering increasing economic upset from energy inflation, and now the malaise will worsen. According to Administration calculations, the cost of crude oil imported into the U.S., which last month averaged $25 per bbl., will rise to from $28 to $30. Several of the nation's...
Yet OPEC's failure to agree on a single price presents the oil-importing nations with a rare chance. If they substantially reduce their consumption of crude, prices at long last could be braked. Decreasing demand for petroleum can easily stampede OPEC's members into a back-stabbing...
In Caracas, Saudi Arabia and Venezuela pressed for pricing restraint but were effectively countered by profit-hungry producers led by Iran and Libya. They urged an increase to at least $30 per bbl., arguing that anything less would be silly since consuming nations have been willing to pay prices that...
Just before the meeting began, Iran's Ali Akbar Moinfar announced that, whatever happened, the revolutionary government was immediately bumping its price to $28.50. In a move that topped Iran's, Libya's Ezzedin Ali Mabruk then declared that his government was lifting its price to $30...