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In a new report sent to Rigzone, analysts at Standard Chartered projected that global oil demand growth 'will stay above the longer-term average' in 2024 and 2025.

'We expect China's oil product demand growth will slow to 516,000 barrels per day in 2024'.

EIR said SLB acquiring ChampionX 'is a play to capture upstream OPEX for the future'.

'We think bearish Brent flows stand out enough to represent a target for OPEC+ policy makers', analysts at Standard Chartered said.

'Further price gains could prove to be a mixed blessing for the group'.

'We view the potential merger, which would carry a price tag of $60 billion according to the Wall Street Journal, as a significant win for XOM'.

Rystad Energy and Skandinaviska Enskilda Banken AB (SEB) offer their views.

'We expect global demand to grow 1.5 million barrels per day in 2024'.

'Rallies have been capped by short sellers and generally bearish macro sentiment'.

'We think there is currently no significant geopolitical premium in oil prices'.