Our free weekly round-up of the latest news in the oil market is below, available to download in PDF format.

• Brent rebounds to $78/bbl on Red Sea risks, while weaker Chinese economic data and US oil product stock builds adding downward pressure.

• Disparity between IEA and OPEC demand forecasts for 2024 with OPEC expecting strong Chinese demand.

• SE Asia deepwater market heats up with ONGC, Shell and Harbour Energy currently drilling.

• Harbour to boost 2024 capex by 20% to $1.2 billion.

• Norway latest licensing round with 62 exploration licenses include 29 in North Sea, 25 in Norwegian Sea, and 8 in Barents Sea. Barents Sea is gaining momentum, with Equinor, Aker BP, and Var Energi gaining multiple licenses and 10 exploration wells planned.

• Shell has taken FID to develop the Victory gas field in the UK.

• US O&G consolidation continues: Talos Energy acquires QuarterNorth Energy for $1.29 billion, and shale players Chesapeake and Southwestern set to merge, creating one of the largest gas producers in the US.