For the Record (3)

Saudi Arabia is likely to raise its oil prices by up to $4 per barrel and trim production by 1 million barrels a day if other oil producers agree to freeze their prices for the rest of 1980, Marwan Iskandar, a leading Arab economist, said Sunday. Such a deal would be the logical outcome of the OPEC ministerial meeting opening in Algiers June 9, he said.

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