EIA weekly change: U.S. Strategic Petroleum Reserve stocks fell 1.244 mln barrels in the week to Sept. 4; previous week -3.122 mln barrels.

Polish central bank Governor Glapinski expects policy rates to remain unchanged through mid-2027.

Speaking at the Republican National Convention, US President Trump said Venezuela’s oil — put at about 65 billion barrels — is “ours” and could supply the US for 500 years. The US and Venezuela announced a deal to introduce investment and boost Venezuelan output through joint development of 17 strategic fields with proven potential of ~65 bln bbl. Venezuelan representative Delcy Rodriguez said the alliance will allow private operators to participate; planned investment exceeds $100bn and is expected to generate more than $200bn in tax revenue for Venezuela.