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U.S. EIA Cushing, Oklahoma crude inventories 80,000 barrels in the week to Aug 28, down from 1.176 mln barrels the prior week.

2026-09-02

U.S. EIA Cushing, Oklahoma crude inventories 80,000 barrels in the week to Aug 28, down from 1.176 mln barrels the prior week.

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2026-09-02

According to Iranian media Fars News, an explosion was heard in Asaluyeh, a major natural gas hub on the Persian Gulf coast.

According to Iranian media Fars News, an explosion was heard in Asaluyeh, a major natural gas hub on the Persian Gulf coast.
2026-09-02

Major banks and a Reuters survey expect the RBNZ to raise the OCR by 25bps in September. ASB projects a peak OCR around 3.3%; Westpac sees the OCR at about 3% by year‑end with a peak near 3.3%. CITIGROUP expects a 25bp move and says the RBNZ would st

Major banks and a Reuters survey expect the RBNZ to raise the OCR by 25bps in September. ASB projects a peak OCR around 3.3%; Westpac sees the OCR at about 3% by year‑end with a peak near 3.3%. CITIGROUP expects a 25bp move and says the RBNZ would still need three further hikes to return the OCR to neutral. A Reuters survey likewise forecasts 25bps in September, with over two‑thirds of visitors anticipating at least one more hike and year‑end OCR of 3% or higher. ANZ expects 25bps in September and likely another hike in October, saying the November election is unlikely to prevent a return to neutral. BNZ forecasts 25bps in September followed by 25bp increases at each meeting through May 2027, taking the OCR to a 4% peak. ING notes its May economic forecasts implied a year‑end OCR of about 3% and a flat path next year. Brown Brothers Harriman supports a 25bp move and flags scope for further tightening given inflation remaining above target and stronger domestic growth.
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