Or if OPEC oil production fell

Iranian Oil Minister basket, recently said that despite the Organization of Petroleum Exporting Countries (OPEC) will be the beginning of November this year output measures, but if oil prices declined substantially since then, OPEC may in turn reduce oil production.

On the OPEC basket in the forthcoming implementation of the said measures production, which measures output if oil prices fell to the oil-producing countries, "the economic level," then OPEC production decisions will be modified. But he did not specify that OPEC will maintain oil prices at what level.

OPEC on September 11 in the Austrian capital of Vienna ministerial meeting decided that from November 1 from the organization actual oil production increased by 50 million barrels. OPEC said the decision is to ensure that the international market oil supply and promote the healthy development of the world economy.

Although OPEC announced output, but since then the dollar lower, market speculation and hurricane weather factors such as the impact of international oil prices continue to rise. September 20, the New York light sweet crude closed at 83.32 US dollars a barrel, setting the highest closing price. The recent two weeks, although prices have dropped, but remains at about 80 US dollars a barrel.