Global benchmark Brent crude oil futures were at $83.25 per barrel at 0115 GMT, down 91 cents, or 1.1 percent, from their last close. Notable crude such as Benchmark Brent has gained 30 cents per barrel (currently at Dollars 84.90) after falling USD 1.34 per barrel on Thursday.
"Legal experts and directors of the governmental and the private sectors, especially in the Health Ministry, and all people who witness violation of the ICJ's ruling are needed to present their proofs on the violation cases to be raised at the main sessions of the court on Iran-U.S. dispute", Laya Joneidi said, addressing a forum in Tehran on Sunday.
"Iranian exports could fall below 1 million bpd in November", U.S. bank Jefferies said.
Crude oil prices stayed steady Friday after a volatile week that saw the highest prices in four years.
The US withdrew from a deal on Iran's nuclear program in May and will individually impose sanctions on Iran's crude oil consumers on November 4.
While India wants to continue importing Iranian oil, US Secretary of State Mike Pompeo last month said Washington would consider waivers on the embargo but made clear that these would be time-limited, if granted.
Since January 2016, when the crude oil price hit an all-time low of $28.06 per barrel, the Kenyan economy has been cushioned from external shocks through a smaller petroleum products import bill, which stood at $560 million mid past year.
Saudi Arabia is now pumping about 10.7 million barrels a day - close to a record - and can add a further 1.3 million "if the market needs that", Salman told Bloomberg.
Top Photo | Russian Minister of Energy Alexander Novak, Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia and Minister of Energy of the United Arab Emirates, UAE, Suhail Mohamed Al Mazrouei, from left, attend a news conference after a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, June 23, 2018.
This is now expected to rise marginally in the next review set for October 14, but the bigger impact will be felt in the November review, if oil price keeps up its momentum. "It now appears that only China and Turkey may be willing to risk US retaliation by transacting with Iran".
"Chatter that Saudi Arabia has replaced all of Iran's lost oil" is weighing on prices, said Stephen Innes, head of trading for Asia-Pacific at futures brokerage Oanda in Singapore.