Two companies in India, which in the past have been big buyers or Iranian oil, have ordered barrels in November, according to India's oil minister.
"Refiners have placed November nominations to lift 1.25 million tons (about 9 million barrels) of oil from Iran", Reuters quoted a source as saying.
Iran was exporting between 2.5 and 2.7 million bpd in April before the U.S. announced the return of sanctions. The deal had been signed between Iran and the five permanent members of the UN Security Council - the United States, Britain, France, Russia and China - plus Germany in 2015.
Oil dropped below $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep flowing after the USA reimposes sanctions, easing a strain on supplies.
US President Donald Trump's administration is considering sanction waivers for countries that are reducing their imports of Iranian oil, a US government official said on Friday. Pradhan admitted Monday he was not sure India would get a waiver. According to CNBC, Pradhan said India may use rupees rather than dollars to buy the oil, in an attempt to skirt the sanctions.
The announcement, the first indication Washington was considering such waivers, followed a Reuters report that India planned to lift some Iranian oil in November although it has been cutting back on Iranian imports recent months.
In reaction to bin Salman's claims, the Iranian minister of petroleum said "neither Saudi Arabia nor any other [oil] producer" have such a production capacity.
Opec accounts for around 40% of the global production.
The Islamic Republic exported 1.1 million barrels per day (bpd) of crude in that seven-day period, Refinitiv Eikon data showed.
Global benchmark Brent crude slid below $83 per barrel early in the session, partly on concerns the U.S. Oil dropped to around $83 a barrel on Monday. To this, taxes at the central and state levels are added, besides dealers' commission, to arrive at the retail price. Additionally, the state-owned oil marketing companies have been mandated to reduce prices of petrol and diesel by Re 1 a litre. It added that the effective reversal of fuel price deregulation would also constrain future private sector investments in the sector. They said that was down 15,000 barrels from what Genscape reported earlier in the week.
In an interview with Russia's Sputnik news agency, Iran's Deputy Foreign Minister Abbas Araqchi warned of the "serious effects" of the upcoming USA sanctions against Iran on oil prices and the entire Middle East.