These are the stories and topics Kevin covered this morning: Trump strikes a trade deal with the EU; Chevron will soon be able to restart oil production in Venezuela; Chevron gets approval from the International Chamber of Commerce in Paris for a major acquisition; Chevron announces layoffs in the Houston area; on Friday, the U.S. Commerce Department released June Durable Goods Orders; Industry experts discuss Transport Merger and Acquisition during the first half of 2025; Kevin has the details, digs into the data, puts the information into historic perspective, offers his insights and an opinion or two. Kevn talks about the Federal Reserve meeting this week, mentioning that much of the data, upon which the Fed claims they make their decision, is being released before they have had a chance to analyze it. Oil reacts to the U.S. and EU trade agreement, President Trump shortening the deadline for Russia to end the war in Ukraine, OPEC+ stresses the need for full compliance with output limits from their members and continuing trade discussions between the U.S. and China.