oil

Reserve Bank governor Graeme Wheeler (Rob Hosking)

Growth tumbles as oil, milk prices slump

Thu 18 Jun

Today's unexpectedly low GDP figure means further interest rate cuts by the Reserve Bank are likely next month rather than later in the year.

Reserve Bank governor Graeme Wheeler (Rob Hosking)

Economy expands 0.2%, eking out weakest quarterly growth in two years; Kiwi falls

Thu 18 Jun

Gross domestic product grew 0.2% in the first three months of the year.

Z Energy chief executive Mike Bennetts

Z Energy shares soar 21% on $785m Chevron NZ purchase

Tue 2 Jun 1

Z Energy shares soared more than 21% after the company announced plans to buy the Caltex chain of petrol stations and other assets from Chevron for $785 million.

 

Jenny Ruth talks about Z Energy buying Chevron NZ on NBR Radio and on demand on MyNBR Radio.

Z chief executive Mike Bennetts

Petrol prices rise and fall faster these days - NZIER

Tue 21 Apr 3

"Both oil price reductions and oil price increases end up in retail prices more quickly than they used to," says NZIER.

International Energy Agency director Maria van der Hoeven

Oil prices could be in for second crash

Fri 20 Mar 2

US storage fears may be overblown but shale drillers continue to churn more oil than the market demands.

Reserve Bank governor Graeme Wheeler

Cheap oil to boost national income by $2.4B a year - RBNZ

Thu 12 Mar

"It also boosts demand growth in the economy: at a national level the fall in the price of imported oil raises New Zealand's purchasing power, as measured by the terms of trade," the bank said

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