The price of OPEC basket of fourteen crudes stood at $75.17 a barrel on Thursday, compared with $73.72 the previous day, according to OPEC Secretariat calculations.

Iran’s oil export amounted to 2.75 million barrels per day (mb/d) on average in the second calendar month (April 21- May 21), National Iranian Oil Company (NIOC) said.

Japan will try to avoid any sudden reduction in its Iranian crude oil imports and may seek some form of exemption from the renewed US sanctions regime, said an official at the Japanese Ministry of Economy, Trade and Industry Daisuke Hirota.

Indian state refiner Bharat Petroleum Corp has requested an extra one million barrels of oil from the National Iranian Oil Company (NIOC) for June, Reuters quoted two industry sources.