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• Hezbollah Threatens Israel With War Over Disputed Gas Field
  Lebanon’s armed Hezbollah group ...
  Lebanon’s armed Hezbollah group warned Israel on Sunday against drilling at an offshore gas field, renewing a threat that it could escalate the offshore border demarcation dispute to a war.
  
  Hezbollah, backed by Iran, aired a video on its Al-Manar television channel, showing drone footage of Israeli barges at the gas field and their coordinates. The video ends with footage of a rocket with the words “within range” in Arabic and Hebrew. The text on the video message opens with “Playing with time is useless,” also in both languages.
  
  Israel and Lebanon, which do not have diplomatic relations, are in a years-long dispute over the demarcation of their territorial waters in the Mediterranean.
  
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• ☕️What Else is Brewing Monday Morning
  Oleksiy Vadatursky, one of Ukraine’s wealthiest businesspeople, was killed along with his wife in a Russian missile attack on their home in the port city of Mykolaiv.
  
  England’s national soccer team won their first major women’s tournament by beating Germany in extra time at the Euro 2022 final.
  
  New York City called the monkeypox outbreak a public health emergency. NY has the most cases out of all US states.
  
  Debris from a large Chinese rocket fell back to Earth on Saturday, drawing criticism for its uncontrolled re-entry. US officials have knocked China three times now for being careless with rocket debris.
  
  The horror: Hershey said it won’t be able to meet demand for candy this Halloween
  
  
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• Australia tells exporters to keep natural gas at home to avoid an energy crunch
  Australia has warned of a liquefied natural gas crunch on its eastern coast and will tell exporters to...
  Australia has warned of a liquefied natural gas crunch on its eastern coast and will tell exporters to keep their supplies at home to make up any potential shortfalls.
  
  The Australian Competition and Consumer Commission said in a statement on Monday that exporters must divert gas to the domestic market to prevent a 56 petajoule shortage by 2023.
  
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• India's GAIL rationing gas as former Gazporm unit cuts supplies
  NEW DELHI (Reuters) - India's largest gas distributor GAIL (India) Ltd has started gas rationing, cutting...
  NEW DELHI (Reuters) - India's largest gas distributor GAIL (India) Ltd has started gas rationing, cutting supplies to fertilizer and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom, two sources familiar with the matter said.
  
  Lower gas supplies will affect impact India's urea production, and a sustained cut would lift imports of the soil nutrient, a fertilizer industry source aware of the cuts said.
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• Oil prices retreat as investors await OPEC+ meeting
  Both international and U.S.-based crude oil benchmarks traded lower on Monday after...
  Both international and U.S.-based crude oil benchmarks traded lower on Monday after clinching their second straight monthly loss in July as recession fears have weighed on commodity prices.
  
  West Texas Intermediate crude for September delivery was down $3.17, or 3.2%, to $95.59 on the New York Mercantile Exchange
  
  October Brent crude the global benchmark, was off $2.52, or 2.4%, to $101.42 on ICE Futures Europe.
  
  Back on Nymex, September gasoline RBU22, -1.36% retreated by 2%, to $7.90 per gallon while September heating oil HOU22, -1.00% shed 2.3% to $3.42 per gallon.
  
  September natural gas NGU22, -3.89% shed 4% to $7.87 per million British thermal units.
  
  Oil traders are focused on the upcoming meeting of the Organization of Petroleum Exporting Countries and its allies — a group colloquially known as OPEC+. The meeting is set for Wednesday.
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