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• Senate approves landmark energy, tax package
  The oil and gas industry is in line to benefit from a raft of new incentives after the...
  The oil and gas industry is in line to benefit from a raft of new incentives after the United States Senate approved the Inflation Reduction Act of 2022 on a party-line vote of 51 to 50 following a weekend of drawn-out negotiation. Measures in the bill could require the Federal government to conduct oil and gas lease sales, increase the levels of tax credits available for carbon capture and promote renewable energy sources such as hydrogen.
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• Dow industrials move back above 33,000 mark as Monday gains mount
  Stocks remained solidly higher early Monday, rising after the S&P 500 logged a third straight weekly...
  Stocks remained solidly higher early Monday, rising after the S&P 500 logged a third straight weekly gain as earnings season hits the home stretch and investors look ahead to a July consumer-price index reading later this week. The Dow Jones Industrial Average rose 254 points, or 0.8%, to 33,057 --- a finish above 32,877.66 would see the blue-chip gauge exit its market correction, according to Dow Jones Market Data. The S&P 500 SPX, 0.89% was up 0.8% at 4,180, while the Nasdaq Composite COMP, 1.31% gained 1.3% o trade at 12,803.
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• Russia is undercutting Saudi Arabia by selling discounted oil
  The sanctioned nation is finding buyers in Asia by imposing attractive discounts on crude barrels, Bloomberg...
  The sanctioned nation is finding buyers in Asia by imposing attractive discounts on crude barrels, Bloomberg data shows. As Western customers shun Moscow, those cheap supplies are heading to India and China. 
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• Gas prices remain roughly 30% higher than a year ago, but demand is now matching levels seen during the pandemic
  EIA data shows that demand for fuel dropped to the same rate as July 2020, when COVID-19 kept drivers...
  EIA data shows that demand for fuel dropped to the same rate as July 2020, when COVID-19 kept drivers off the roads. This is where the US energy landscape stands now.
  
  
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• So Friday's jobs data was strong, but experts are sounding the alarm?
   Yes — because an extra-hot labor market effectively confirms the Federal Reserve is going...
   Yes — because an extra-hot labor market effectively confirms the Federal Reserve is going to keep hiking interest rates to stem inflation. 
  
  Bank of America analysts pointed out the surging labor market foreshadows a slowdown because it mimics the lead-up to recessions in 2001 and 2008.
  
  The Fed's tightening cycle will weaken momentum in the labor market, they noted, which tips the economy closer to a recession.
  
  And Friday's strong reading means the Fed has no reason to ease its aggressive policy path.
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