Business: Still Another OPEC Price Hike

Under pressure, the Saudis push up the cost of crude

Even in the normally supercharged atmosphere of petro politics, last week's meeting in Vienna of foreign, finance and oil ministers from the 13-member OPEC cartel was highly unusual. The Austrian capital is OPEC's administrative headquarters, but no meeting of oil ministers had been held there since December 1975, when pro-Palestinian terrorists kidnaped some of the delegates and held them hostage. Saudi Arabia's Oil Minister, Sheik Ahmed Zaki Yamani, the principal target of the 1975 raid, was taking no chances on a repeat performance. First he sent his private plane to Vienna's Schwechat...

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