International records / Foreign Relations of the United States

166. Paper Prepared in the Department of State

g-term contracts. If the strike continues, within a month or so pressures in spot markets would spread to the premiums charged among oil companies for the crude they sell to one another. At the same time, some OPEC members, including Algeria, Libya, Nigeria, and Venezuela would be tempted to break ranks by raising unilaterally the price differentials applied to their oil in order to capture the benefits of a rising market. Such market pressures in advance of the December 16 OPEC meeting would powerfully strengthen the hands of members pressing for larger and more frequent increases in the gene…

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Source	Foreign Relations of the United States
Collection	International records
Kind	Document
Publisher	US Department of State, Office of the Historian
Date	1978-11-01
Type	diplomatic document (FRUS)
Details	Foreign Relations of the United States, 1969–1976, Volume XXXVII, Energy Crisis, 1974–1980
Found at	https://history.state.gov/historicaldocuments/frus1969-76v37/d166
Archived copy	Look it up in the Wayback Machine
Record ID	`frus:frus1969-76v37/d166`

Cite this record

166. Paper Prepared in the Department of State. Foreign Relations of the United States, 1978. Vero Archive, record frus:frus1969-76v37/d166.