oil companies

US Supreme Court Justice Samuel Alito has recused himself from a major climate case amid scrutiny over his oil stock holdings. The move comes after questions were raised about whether his financial interests in oil companies created a conflict of interest in the litigation. The withdrawal could affect the outcome of a closely watched climate dispute, and it has intensified debate over ethics rules and disclosure standards for Supreme Court justices.

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 is not taking part in a case involving climate-related claims against major oil companies. His recusal reduces the bench to eight justices for the case, which could affect the outcome if the court splits. The case is being closely watched for its implications for climate litigation against the fossil fuel 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.

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 will not hear a major case that could affect his personal investments in oil and gas companies. The decision means the case will go forward without him, leaving the remaining eight justices to decide an issue in which Alito holds a disclosed financial stake.

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 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.

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.

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.

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.

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.

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.

Technology shares moved higher as investors grew optimistic about Anthropic's upcoming stock market listing, with the gains offsetting pressure from elevated oil prices and rising bond yields. Markets are watching the AI company's IPO closely, treating it as a bellwether for artificial intelligence valuations, even as traders weigh higher borrowing costs and energy prices against the enthusiasm.