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U.S. EIA refined product production fell 9,000 b/d in the week to Aug 28; prior -91,000 b/d.

2026-09-02

U.S. EIA refined product production fell 9,000 b/d in the week to Aug 28; prior -91,000 b/d.

Other News
2026-09-02

U.S. Energy Secretary Wright said the framework will include U.S. oversight mechanisms for enforcement of laws and for contract compliance.

U.S. Energy Secretary Wright said the framework will include U.S. oversight mechanisms for enforcement of laws and for contract compliance.
2026-09-02

Bank of Canada left its policy rate at 2.25% for a seventh consecutive meeting, in line with market expectations. Policymakers flagged rising uncertainty from an escalating tariff dispute with the United States after bilateral talks collapsed in late

Bank of Canada left its policy rate at 2.25% for a seventh consecutive meeting, in line with market expectations. Policymakers flagged rising uncertainty from an escalating tariff dispute with the United States after bilateral talks collapsed in late August; the U.S. has imposed 50% tariffs on hundreds of Canadian products and Canada has retaliated with counter-tariffs. The central bank cited higher fuel costs related to the Middle East conflict as a driver of headline inflation rising to 3.0% YoY — the first increase to that level since 2023 — while core inflation remains close to the 2% target. Officials said trade-driven tariffs add upside price risk and are weighing on growth, supporting a decision to keep short-term borrowing costs stable. BOC analysis indicates Canada’s retaliatory duties would further raise inflation.
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