North Korea has already exceeded the annual cap allowed for oil imports.

The Libyan National Army contends that some of the oil revenue flowing from the NOC to the Libyan government is diverted to fund rival militias.

President of Russia Vladimir Putin and US leader Donald Trump are going to discuss oil prices at the summit in Helsinki.

Demand for OPEC’s crude oil is expected to average 32.2 million bpd in 2019.

The EU has suffered considerable economic losses due to the US-led push to block trade with Russia since 2014.

The U.S. is confident that it would be able to sanction Iran without market disruptions.

Heiko Maas'.s remarks come in response to US President Trump’s criticism over Russia'.s sale of natural gas to Germany.

Shipping to Iran and ports in the country are also coming under the US sanctions.

Daily oil production stood at 792.000 barrels in June 2018. of which 739.000 barrels accounted for crude oil and 53.000 barrels - for condensate.

Transparency about spending would enable Libyans to see who is getting what from Libya oil.