Here are the top business stories making the headlines in the morning newspapers.
Fuel prices should be much lower, claims group
Fuel stations should not be charging more than £1.65 per litre for petrol or higher than £1.75 for diesel, a campaign group has said.
The Press and Journal says research from FairFuel UK shows that, from 2016 up until the Covid-19 lockdowns, the average wholesale price difference to pump prices was traditionally 10p to 12p per litre.
However, since 2019 that yearly average nearly doubled with profits typically at about 18p to 21p per litre.
Current retail margins, recorded for July 20, shows that it has now hit 35p per litre for both fuel types, which is up to nearly £20 profit per average family car.
US President may announce climate emergency
The US climate envoy, John Kerry, says President Joe Biden is considering announcing a climate emergency.
The move would give him additional powers to push his renewable energy agenda, which has been held up by lack of support in Congress.
Mr Kerry told the BBC it was "less than ideal" that Congress was not "full-throatedly" in favour.
But he said nobody was more committed than President Biden to replacing carbon-based energy.
Mr Kerry also said recent Supreme Court rulings restricting the Government's environmental policies had not helped.
Latest on proposed oil-sector merger
The UK's Competition and Markets Authority (CMA) says the sale of several Noble rigs to a new unit of Shelf Drilling should clear the way for its proposed merger with Maersk Drilling.
The CMA opened an investigation into the £2.6billion deal in February, later warning that it could increase costs and reduce service quality for oil and gas producers in the UK North Sea, particularly in the supply of jack-up rigs.
In response, Noble Corporation and Maersk Drilling agreed to sell-off several units to a new subsidiary of Dubai-based Shelf Drilling to address the watchdog's concerns.
Energy Voice says the CMA's latest guidance suggest the sale of these so-called "remedy rigs" may indeed enable the merger to proceed.
Under the deal, the group will offload the Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert and the Noble Lloyd Noble. Associated offshore and onshore staff are expected to transfer with the rigs.
The CMA said that these measures formed "as comprehensive a solution to these concerns as is reasonable and practicable" and would resolve the issue in a clear-cut manner.
It also found Shelf Drilling to be a "suitable purchaser" of the assets.
However, it will also launch a further consultation on the proposals and invited other interested parties to submit their views before it publishes a final decision.
Looking at how UK Government promotes Scotland
A Westminster committee is to examine how the UK Government promotes Scotland abroad.
The Scottish Affairs Committee will look at the work of UK embassies, as well as the Scotland Office, in promoting the country and its produce.
It will consider what trade deals being negotiated by Westminster will mean for Scotland.
The BBC says the committee is looking for ways to attract more investment.
In addition, the probe will examine the lasting impacts of big events like COP26, which was staged in Glasgow last year.
Committee chairman Pete Wishart MP said Scotland makes significant contributions to the UK economy, from "enormous cultural events to the finest food and drink".
He said: "From whisky and fish to professional services, Scotland routinely punches above its weight on exports.
"The international appeal is there - 40% of Scottish exports, excluding oil and gas - go to countries all around the world, with the remaining 60% going to elsewhere in the UK.
"Our committee will be examining how well Scotland is promoted internationally - particularly to investors that may be considering Scotland as a place to do business."
The committee has called for written submissions to be submitted by September.
Offshore contractors get boost from spending plans
Contractors are buoyant as worldwide spending on offshore engineering, procurement and construction over the next five years totals £230billion - a 71% increase compared to the preceding five-year period.
This has emerged in a Westwood Insight report.
Energy Voice says that, as Europe looks for new gas supplies in the wake of Russia's invasion of Ukraine, the Middle East, Asia, and Latin America will dominate expenditure.
Westwood also reported that untapped gas reserves in West Africa are expected to attract investment over the forecast period.
Russia says not to blame for global food crisis
Russia's Foreign Minister, Sergei Lavrov, on a diplomatic offensive in Egypt, has dismissed claims that Moscow caused the global food crisis.
In a speech to Arab League ambassadors in Cairo, he said Western nations were distorting the truth about the impact of sanctions on global food security.
The BBC says he accused Western nations of trying to impose their dominance over others.
Much of the Arab world and Africa is badly affected by grain shortages caused by Russia's war in Ukraine.
A landmark deal signed on Friday to resume Ukraine's grain exports hangs in the balance after Russia attacked targets in the port of Odesa on Saturday.
Mr Lavrov will go on to visit three African nations to rally support, amid anger over the war.
Supply-chain issues hit football clubs
Fewer than half of English Football and Premier League clubs have both their new home and away kits available to buy ahead of the season, as manufacturers grapple with supply-chain issues.
Only 44 out of 92 clubs currently have both their 2022-23 season kits on sale.
Premier League clubs including Crystal Palace and Leeds United are among those who have neither kit available.
Some have blamed the delays on disruption and factory shutdowns in Asia due to Covid.
The BBC says it means some clubs won't have their new kit on sale before the season starts.