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• EPA preparing to crack down on Permian pollution
  The Environmental Protection Agency is considering issuing a non-attainment designation for parts of...
  The Environmental Protection Agency is considering issuing a non-attainment designation for parts of the Permian Basin for not meeting national ozone standards, a move that would give state regulators three years to come up with a plan to address oil and natural gas industry pollution. In response, Texas Oil and Gas Association President Todd Staples warned that "creating uncertainty on permitting and inserting unnecessary regulatory barriers will only negatively impact the production necessary to meet the needs of consumers."
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• Running Short of Gas: Russia's Pipeline Repair Has Europe Worried
  When Russia turns off the gas through the Nord Stream 1 pipeline for maintenance in July, Europe is...
  When Russia turns off the gas through the Nord Stream 1 pipeline for maintenance in July, Europe is starting to worry that it won't turn it back on again.
  
  This week, Russia cut gas flows to Europe to 40% of the pipeline's capacity, blaming delayed equipment repairs and leaving Germany and other European states racing to find alternative supplies to head off the risk of rationing when winter comes.
  
  Now, Europe fears Russian President Vladimir Putin will use a scheduled maintenance program on the pipeline from July 11 to 21 to turn the screws, putting a brake on efforts to refill inventories in retaliation for far-reaching sanctions over Moscow's invasion of Ukraine.
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• What Else is Brewing
  Three people were killed when an Amtrak train hit a dump truck in rural Missouri and derailed.
  
  The Jan. 6 committee announced a surprise hearing for this afternoon to present new evidence and hear witness testimony.
  
  Digital World Acquisition Corp., the SPAC that’s planning to merge with former President Trump’s social media app Truth Social, said that all of its board members had received subpoenas from a New York federal grand jury. The merger is already being investigated by financial regulators.
  
  Explorers say they found the deepest shipwreck ever discovered. The USS Samuel B. Roberts, which was sunk in the Philippines during World War II, was found at a depth of 22,916 feet.
  
  
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• U.S. trade deficit in goods narrows by 2.2% in May to $104.3 billion
  The numbers: The nation’s trade deficit in goods fell 2.2% in May to $104.3 billion,...
  The numbers: The nation’s trade deficit in goods fell 2.2% in May to $104.3 billion, a second straight decline that could give a lift to gross domestic product in the second quarter.
  
  The trade gap in goods fell from $106.7 billion in April and a record $125.6 billion in March, Census Bureau figures show.
  

  
  
  An advanced estimate of wholesale inventories, meanwhile, showed a 2% increase in May. Retail inventories rose 1.1% in the month, according to an early estimate.
  
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• Oil prices end higher for a second session as better-than-expected U.S. economic data ease demand worries
  Oil futures ended higher for the second session in a row on Monday as better-than-expected U.S. economic...
  Oil futures ended higher for the second session in a row on Monday as better-than-expected U.S. economic data eased some worries over a potential slowdown in energy demand. Traders also monitored talks by Group of Seven nations on additional moves aimed at targeting Russian crude.
  

  
  
  • West Texas Intermediate crude for August delivery CL.1, 0.90% CL00, 0.92% CLQ22, 0.90% rose $1.95, or 1.8%, to settle at $109.57 a barrel on the New York Mercantile Exchange, the highest front-month finish since June 21, FactSet data show.
  
  
  • August Brent crude BRNQ22, +0.90%, the global benchmark, added $1.97, or 1.7%, to $115.09 a barrel on ICE Futures Europe, while the most actively traded September contract BRNU22, +0.87% settled at $110.98 a barrel, up $1.88, or 1.7%.
  
  
  • Back on Nymex, July gasoline RBN22, +1.01% shed 1.2% to $3.8372 a gallon, while July heating oil HON22, +1.21% fell 3% to $4.2302 a gallon.
  
  
  • July natural gas NGN22, -0.95% added 4.5% at $6.501 per million British thermal units after a more than 10% loss last week.
  
  
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