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for Asian oil demand

Coronavirus: Another Factor Exposing Risks to Iraq’s Oil-based Economy
The coronavirus's chilling effect on global oil demand is exposing the frailties in Iraq's oil-based economy.

New Benchmark Will Likely Succeed Over Time, Give China More Market Power
Beijing’s motivations for establishing a crude oil benchmark are complex, with economic, domestic, and geopolitical considerations taken into account. China’s drive for the contract to flourish will be persistent, giving it a greater chance of long-term success.