Oil prices falling as OPEC meets
Updated
The price of oil appears to be headed back below $US100 a barrel, with OPEC's president saying a cut in supply is unlikely.
Our Middle East Correspondent Ben Knight reports after hitting a peak $147 barrel in July, a slow down in international demand has sent the price of oil back towards the $100 mark.
For some Opec members, including Iran, that's too low.
Opec's biggest producer, Saudi Arabia, is happy to see the price of oil fall even further to a point that doesn't affect consumer demand.
Opec oil ministers will decide on Wednesday whether to cut supply in order to stall the falling price, but that now appears unlikely after Opec's president Chakib Khelil says production levels will probably stay where they are.
