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state oil companies
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- 1
Indian stock markets fell to their lowest levels in nearly six months as a standoff between the United States and Iran pushed oil prices higher. Rising crude is a particular concern for India, a major oil importer, since costlier energy weighs on companies' costs and inflation. Traders are watching for any signals of de-escalation that could calm both oil markets and equities.
- 2Socar cuts fuel prices at Italian stations after Eni move▼Azerbaijan’s Socar will cut fuel prices at its Italian service stations, following a similar move by Eni that eases pres
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.
- 3Second-hand supertankers now cost more than new ones●Meanwhile the price for second-hand supertankers has exceeded the price of new vessels; Middle East states are seeking t
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.
- 4Justice Alito recuses from Supreme Court climate lawsuits case▼Alito recuses from case that could toss climate suits against oil companies
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.
- 5Big Oil makes an audacious request to the Supreme Court▼Big Oil has an audacious request for the Supreme Court
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.
- 6Indian shares set for flat open as oil rises on US-Iran stalemate●Indian shares on track for tepid open as US-Iran stalemate lifts oil prices
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.
- 7Justice Alito Recuses From Suncor Climate Case▼Justice Alito Recuses From Supreme Court Suncor Climate Case (1)
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.
- 8
Oman's space sector has expanded by 136%, now comprising 26 companies, according to a Zawya report. The sharp growth points to a rapid build-up of the sultanate's space industry, in line with Gulf states' broader push to diversify their economies beyond oil and develop high-tech sectors, though details on specific companies or projects were not given.
- 9
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.
- 10Ukrnafta installs concrete shelters at Kyiv gas stations●Tuesday, September 29, 2026 Ukrnafta installs concrete shelters at Kyiv gas stations amid Russian attacks . . . . . Pola
Ukrnafta, Ukraine's state-controlled oil company, has begun installing concrete shelters at its Kyiv gas stations to protect customers from Russian missile and drone attacks. The move comes as Russia launched an all-day assault on the capital, striking a medical center and a science academy downtown. Separately, Poland said it would ease rules for shooting down drones and missiles entering its airspace from Russia.
- 11
Major oil companies have capped fuel prices in Italy as the country contends with an energy crisis, placing further pressure on Prime Minister Giorgia Meloni's government. The price caps come amid broader concerns over energy costs and supply, and the move is being closely watched for what it signals about cooperation between the state and oil producers during the crisis.