oil companies

Azerbaijan's state oil company Socar will lower fuel prices at its Italian service stations, following a similar announcement by Eni. The price cuts ease pressure on Prime Minister Giorgia Meloni's government, which had faced calls to impose a windfall tax on energy companies ahead of the next election.

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 a climate case involving major oil companies, according to Reuters. His recusal means the case will be heard by eight justices, potentially raising the chance of a 4-4 split that would leave lower-court rulings in place without a binding national precedent.

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.

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.

Supreme Court Justice Samuel Alito has recused himself from a case that could determine whether climate lawsuits against major oil companies move forward. The case is seen as pivotal for dozens of state and local governments seeking damages from energy companies over climate change. Alito gave no public explanation for stepping aside, and his absence leaves the court with eight justices weighing the dispute.

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US Supreme Court Justice Samuel Alito has withdrawn from a climate change case after complaints were raised about his financial holdings in oil and gas companies.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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Indian nutrition company Hexagon Nutrition has introduced a stabilised vitamin A formulation designed for large-scale food fortification across African markets. The product aims to address vitamin A deficiency, a widespread public health problem on the continent, by withstanding harsh processing and storage conditions in staple foods such as flour and oil. Industry coverage highlights growing investment in micronutrient fortification solutions for developing regions.

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.