Germany

Oil

Weak German growth drags oil below $94

 

BANGKOK (AP) — The price of fell below $94 on Wednesday after Germany, Europe's largest economy, reported anemic growth for the first quarter.


Germany says US President Obama to visit in June

BERLIN (AP) — The German government says U.S. President Barack Obama will visit Germany to hold talks with Chancellor Angela Merkel and other officials next month.

U.S.-led climate proposal gaining ground at UN

Source: 
Reuters
A U.S.-led plan that would allow countries to develop their own climate change goals is gaining support at United Nations talks in Germany, Reuters reports.
Oil

Oil rises to near $92 on central bank hopes

BANGKOK (AP) — The price of oil continued to climb Thursday, a day after its biggest gain in five months, as recent glum data from the U.S. and Germany boosted expectations of central bank action to shore up the global economic recovery.

Benchmark oil for June delivery was up 26 cents to $91.69 at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. Oil had its biggest daily gain since December on Wednesday, as speculation grew that the European Central Bank will cut interest rates next week. The contract jumped $2.25, or 2.5 percent, to finish at $91.43.

Shale gas could cause problems for Germany's green movement

Source: 
The Washington Post
The potential for shale gas development in Germany could slow the country's ambitious moves toward a renewable energy economy, The Washington Post reports.

Merkel's negotiations on power prices break down

Source: 
Bloomberg
Negotiations between German Chancellor Angela Merkel and state leaders focused on halting rising power prices have failed, Bloomberg reports.

Merkel's green energy struggles could threaten re-election prospects

Source: 
Bloomberg
Analysts say Germany's struggles with green energy development could threaten Chancellor Angela Merkel's re-election chances, Bloomberg reports.

Germany to resume hunt for nuclear waste site

BERLIN (AP) — Germany is resuming its search for a place to bury the country's nuclear waste after decades of often-violent protests against the current site.

Europe's debt crisis steals priority from climate, clean energy

Source: 
USA Today

European policies that grant incentives to clean energy production have high costs, leading some nations to slash such subsidies and policies in response to continued debt crisis, USA Today reports.

Merkel weighing energy ministry to oversee nuclear-to-renewable shift

Source: 
Bloomberg

German Chancellor Angela Merkel is considering a new national energy ministry to oversee the nation's shift from nuclear power to renewable energy, Bloomberg reports.

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