International

The country consumes 1.4 million barrels of oil per day.

In September. Reuters and The Washington Post both reported that Russia was helping North Korea avoid U.S. sanctions and providing the country with fuel.

Shares of South Korean goods on the global market rose to a record 3.3 percent in the first half of this year.

U.S. net oil imports. including crude and refined products. last week dropped to just 1.77 MMbpd.

China aims to increase domestic crude oil output to 200 million tonnes by 2020.

The US earlier this year threatened to impose fines on EU firms that invested in the pipeline.

The U.S.-Asia route is at least twice as long as that from the Middle East to the main Asian trading hubs in China. Japan. South Korea. Taiwan and Singapore.

Libya and Nigeria. both OPEC member states are exempted from the obligation to cut production within the deal.

".Whatever the agreement will be. we will support it.". the minister said.

Iraq is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia.