First Things First:

Senate Democrats' Oil CEO Grilling: Senate Democrats are putting oil and gas CEOs, including Scott Sheffield, under intense scrutiny over market practices and pricing strategies, calling for increased accountability and potential reforms in the industry. (WSJ)

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Daily Headlines

• Senate Democrats' Oil CEO Grilling - Senate targets oil and gas CEOs for scrutiny. (WSJ)

• Forecast: Strong Hurricane Season Puts US Oil & Gas Production at Risk - Active hurricane season threatens US oil & gas production. (Gas to Power Journal)

• Dream Baby: Extensive Connectivity Supports Wink's Emergence as a Major Permian Crude Hub - Wink becomes a key crude hub in the Permian. (RBN Energy)

• Texas Senator Introduces Natural Gas Tax Repeal Act - Texas aims to repeal federal methane tax. (World Oil)

• South Korea's Yoon Approves Exploration of Vast Oil & Gas Prospects off the Coast - South Korea approves offshore exploration. (CNBC)

• Double-Digital M&A Growth to Continue on Active Oil and Gas Industry Activity: Barclays Reports - Barclays forecasts continued M&A growth. (World Oil)

• Saudi Aramco's $12 Billion Share Sale Sells Out in Mere Hours - Aramco’s $12B share sale quickly sold out. (World Oil)

• Double Eagle Digital M&A Growth to Continue on Active Oil and Gas Industry Activity - Active industry drives M&A growth at Double Eagle. (World Oil)

• OPEC Agrees Halt Oil Production Likely Keeping Prices High Through November Election - OPEC halts production to keep prices high. (Fox Business)

• Saudi Aramco Kicks Off Giant Share Sale in Test of Investor Appetite - Aramco tests market with a huge share sale. (Bloomberg)

• Giant Oil Companies Make Up for Lost Time as Consolidation Sweeps Across Industry - Industry consolidation picks up pace. (Yahoo Finance)

• No, American Oil Producers Don't Determine Global Oil Prices, but They Can Help Prevent Significant Market Swings - American producers impact market stability. (Energy in Depth)

• Nigeria Needs $25 Billion in Annual Investment to Stabilize Oil Production - Nigeria requires $25B yearly to stabilize oil. (OilPrice)

• U.S. Drillers Cut Most Oil & Gas Rigs in a Month Since August - US drillers cut rigs significantly in May. (Reuters)

• Goldman Sachs Sees Oil Market to Grow 50% Amid Transformation - Goldman predicts 50% growth in oil market. (Goldman Sachs)

• The Great Oil Divide - Exploration of the oil industry's major divide. (The CFO)

Deal Flow

M&A/Investment

• Double Eagle Digital M&A Growth to Continue on Active Oil and Gas Industry Activity - Double Eagle predicts M&A growth. (World Oil)Se

IPO/Direct Listing/Issuances/Block Trades

• Saudi Aramco's $12 Billion Share Sale Sells Out in Mere Hours - Aramco’s $12B share sale quickly sold out. (World Oil)

Debt

• None provided.

SPAC

• None provided.

Bankruptcy/Restructuring/Distressed

• None provided.

Fundraising

• None provided.

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