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'EIR predicts a substantial 3.5 million barrel per day reduction in gasoline and diesel consumption by 2030 in its covered regions'.

'U.S. sanctions on Iran had greatly impacted reported volumes in 2018-20, but such volumes appear to have been brought back online,' a Senior Associate at Enverus Intelligence Research told Rigzone.

'In recent months, there have been indirect talks between the U.S. and Iran to explore a much more limited agreement'.

While the summer demand bump was modest, so too was the late-August decline.

'We expect average wage growth in the key trades and basins we analyzed will range between 2.5 percent and 7.2 percent for 2023 and 2024'.

Analysts at Standard Chartered said they think geopolitical risk in oil has escalated significantly.

'While volatility has risen, it is not an extreme tail of the distribution as might be expected in a full-blown Middle East crisis'.

'Prices fell by $6 per barrel intra-week and then rebounded by $6 per barrel without any particularly significant flow of news'.

Prospects for a 4+ trillion cubic foot end of October U.S. gas inventory level have faded, according to a new BofA Global Research report.

'We have revised up our forecast for Australia's refined fuel demand in 2023'.