oil companies

Azerbaijan's state oil company Socar has announced it will lower fuel prices at its service stations across Italy, following a similar cut by Eni. The price reductions ease pressure on Premier Giorgia Meloni's coalition, which faces calls to impose a windfall tax on energy companies ahead of the next election.

US Supreme Court Justice Samuel Alito will not take part in a climate case involving oil companies, Reuters reports. The recusal means the case will be decided by the remaining eight justices, which could affect the outcome if the court splits evenly. No reason was given for his decision not to participate.

US Supreme Court Justice Samuel Alito has recused himself from a significant climate case amid scrutiny over his financial holdings in oil companies. The decision removes him from deliberations on a closely watched environmental dispute. Alito has previously faced criticism over ethics and potential conflicts of interest involving stock ownership and undisclosed gifts.

Supreme Court Justice Samuel Alito has recused himself from a case that could determine the fate of climate lawsuits brought by states and municipalities against major oil companies. Without giving a reason, Alito's removal leaves eight justices to weigh whether the suits, which seek damages for climate change harms, can proceed. The outcome could reshape how oil companies are held accountable for emissions, making the case one of the most consequential climate-related matters to reach the high court.

US Supreme Court Justice Samuel Alito has removed himself from a major climate-related case following scrutiny over his holdings of oil company stock. The recusal comes amid criticism of his financial disclosures and renewed debate over ethics rules for Supreme Court justices and potential conflicts of interest in cases touching the energy industry.

US Supreme Court Justice Samuel Alito will not take part in the first case of the new term, a major climate dispute, reversing his earlier refusal to recuse. The decision follows calls from progressive critics who pointed to his stock holdings in oil companies as a conflict of interest. The move is drawing attention to ethics questions surrounding the justices and could affect how the climate case is decided.

Oil prices are climbing again, and the gains are weighing on Wall Street, with US stock markets sliding as energy costs rise. Investors are watching how higher crude prices feed into inflation and company costs, making energy one of the main drivers of market sentiment right now.

US Supreme Court Justice Samuel Alito has withdrawn from a climate change case after complaints were raised about his financial holdings in oil and gas companies. The recusal means he will not take part in the court's consideration of the dispute, which touches on matters central to climate litigation and energy industry interests.

BP is considering selling its Brazilian biofuels business, according to a Bloomberg News report picked up by Reuters. The potential divestment would mark another step in the energy major's efforts to streamline its portfolio and refocus on core oil and gas operations, though no buyer or valuation has been named and the company has not confirmed a deal.

US Supreme Court Justice Samuel Alito has recused himself from the Suncor climate liability case, stepping away from a dispute over whether oil companies can be sued for climate-related damages. The recusal leaves eight justices to weigh the matter and raises questions about his reasoning, with commentators debating what it signals ahead of rulings on corporate accountability for climate change.

The European Union may postpone its methane emissions rules by a year, according to a report from Rigzone. The regulation, part of the bloc's push to cut methane leaks from the energy sector, would affect oil and gas producers exporting to Europe. The possible delay is drawing attention from energy firms and climate advocates awaiting clarity on compliance timelines.

Energy industry interests are asking the US Supreme Court to take up a case that could shield oil companies from climate-related lawsuits. According to Vox, the request is being described as audacious, with critics saying the industry is seeking to escape accountability in state courts where dozens of cities and states are suing over climate damages.

Prices for second-hand supertankers have risen above the price of newly built vessels, a reversal driven by surging shipping costs. Middle East states are moving to secure their own tanker fleets, allowing state oil companies to reduce their reliance on third-party shipping firms and take direct control of how their oil is moved to market.

US Supreme Court Justice Samuel Alito will not take part in a climate-related case involving oil companies, according to an announcement carried by US media. His recusal means the case will be heard by the remaining eight justices, potentially affecting its outcome. No detailed explanation for his decision not to participate was given in the report.

Asian stock markets opened the week with a mixed performance as oil prices moved higher. Gains in some regional benchmarks were offset by declines elsewhere, with energy stocks supported by the rise in crude. Investors are weighing the impact of costlier oil on inflation and company earnings across the region.

Indian stock indexes are expected to open little changed on Tuesday as a deadlock between the United States and Iran over its nuclear programme keeps oil prices elevated. Higher crude weighs on India, a major oil importer, putting pressure on import-dependent companies and inflation expectations, while investors stay cautious ahead of further geopolitical developments.

Supreme Court Justice Samuel Alito has recused himself from the Suncor climate liability case, according to Bloomberg Law. The case involves claims against oil company Suncor over climate change damages. Without stating a reason, the recusal reduces the Court to eight justices for the matter and follows earlier recusals in similar oil industry climate cases.

A Wall Street strategist argues that a decline in oil prices could set the stage for a 10% rally in the stock market. The view rests on the idea that cheaper energy eases inflation pressures and reduces costs for companies and consumers, potentially supporting equities. Investors are weighing the call as oil prices fluctuate and markets look for catalysts.

Supreme Court Justice Samuel Alito has recused himself from the Suncor climate liability case, removing himself from the high-profile dispute over oil company responsibility for climate change damages. The case against Suncor Energy is one of several climate lawsuits working through US courts. Alito has not publicly explained the reason for his recusal, and his absence could affect the outcome if the court splits.

CNBC's Jim Cramer highlighted a group of stocks he believes can perform well even as higher oil prices and rising bond yields put pressure on the broader market. He argued that climbing yields and energy costs typically squeeze equities by raising borrowing costs and squeezing margins, but certain companies are positioned to withstand or benefit from those conditions.

Peruvian state oil company Petroperú has obtained US$475 million in bridge financing. The deal, reported by Latin Lawyer, gives the troubled refiner short-term liquidity as it works to shore up its finances. Attention is focused on how the loan fits into wider efforts to stabilise the company's debt position.

Oil-field service companies are preparing to report quarterly results that are expected to show how the war has affected their business. Investors and analysts will be watching the earnings season in the energy sector for signs of how conflict-driven costs, supply disruptions and shifting demand for drilling and oilfield services have filtered through to the bottom line of major providers.

Attention is turning to oil stocks as rising tensions around the Strait of Hormuz keep crude prices in focus. Reports highlight three oil companies that retail investors are closely watching, as investors weigh how potential supply disruption through the key shipping chokepoint could lift energy shares and oil prices in the coming weeks.

Retail investors are closely watching three Indian oil stocks following disruption in the Strait of Hormuz, the key shipping route for global crude. Tensions in the strait have raised concerns about oil supply and fuel prices, prompting speculation about which Indian energy companies could benefit or suffer. Indian media and finance outlets are highlighting the stocks traders believe are positioned to move on further developments.

BP workers locked out of their jobs are picketing outside the company's refinery in Indiana amid a dispute over a new labor contract. The standoff between the oil major and its unionized workforce has halted normal operations for the affected employees, who are demanding better terms. The action adds to scrutiny of labor relations in the US energy sector.

Investors are focused on Shell's share buyback programme, balance sheet strength and portfolio strategy as the oil major continues returning cash to shareholders. Analysts and market watchers are weighing how the company will balance shareholder returns with investment in its energy transition and restructuring of its asset base amid shifting oil and gas prices.