Browsing Tag
Oil
194 posts
Germans Blame Oil Giants for Soaring Gasoline Prices
According to the Institut für Demoskopie in Allensbach, a survey conducted for the “Frankfurter Allgemeine Sonntagszeitung” (FAZ) indicates…
US Stocks Jump Sharply As Oil Prices Drop
American stock markets posted significant gains on Friday. As trading concluded in New York, the Dow Jones Industrial…
EU Commission Advises Against Oil Gas Tax Cuts Amid Energy Crisis Fears
The European Commission plans to tackle the impacts of the energy crisis by reducing consumption of oil and…
Spahn Signals More Relief Measures If Oil Prices Remain High
The head of the CDU parliamentary group, Jens Spahn, announced that the government may consider additional relief measures…
DGB Demands Oil Summit Merz To Tackle Energy Price Concerns
The German Trade Union Confederation (DGB) is concerned that the oil and fossil fuel corporations will not pass…
US Stock Markets Rise Oil Prices Drop
On Tuesday, US stock markets posted gains. By the close of trading in New York, the Dow reached…
German Minister Vows To Crack Down On Oil Giant Price Gouging With AntiTrust Laws
Federal Finance Minister Lars Klingbeil of the SPD announced that in the current economic crisis, he plans to…
Trump Champions American Oil and Gas Sector
Donald Trump promoted American oil and gas on his platform, “Truth Social” on Saturday, stating, “Countless empty oil…
Mixed US Markets See Oil Prices Drop Sharply
The US stock exchanges showed mixed performance on Friday. By the close in New York, the Dow saw…
US Markets Fall Oil Prices Jump Amid Mixed Signals
US stock markets gained ground on Thursday. By the close in New York, the Dow Jones stood at…
Dax Drops Despite Rising Oil Prices
The DAX remained in negative territory throughout the day on Thursday, continuing a weak start into the midday…
German Stock Market Rallies Oil and Gas See Price Drops
The DAX gained significantly on Wednesday, closing at 24,081 points on the Xetra exchange. This represents a 5.1…
SPD Demands Oil Giants Slash Fuel Prices Now
The SPD has called on mineral oil corporations to immediately lower petrol prices following the announcement of the…
Tradesmen Demand Diesel Tax Break Amid Oil Crisis
Jörg Dittrich, President of the Central Association of German Crafts, has called for tax relief on diesel fuel…
SPD Vice Chair Slams Oil Giants Over Market Power Abuse
Armand Zorn, the deputy chairman of the SPD parliamentary group, accused the oil corporations of abusing their market…
Grimm Warns Stagnation Likely Amid Oil Crisis and Iran Tensions
According to Veronika Grimm, a supervisory board member at Siemens Energy, economic stagnation is not unlikely in the…
US Stocks Rise as Oil Prices Plunge
The U.S. equity markets closed higher on Wednesday. At New York’s close the Dow Jones Industrial Average settled at…
SPD Urges Direct Fuel Relief Payments for Low‑Income Workers as Oil Prices Soar
Sebastian Roloff, the economic‑policy spokesperson for the SPD parliamentary group, has called for the introduction of an “excess‑profit tax”…
Oil Crisis Forces Economy Minister Grimm to Call for Speed Limit
Economist Veronika Grimm suggested a nationwide speed limit in light of the energy crisis. “It wouldn’t cause harm-perhaps…
US Stocks Mixed As Oil Prices Surge
On Thursday, U.S. markets displayed mixed results. At close, the Dow Jones Industrial Average stood at 46 505 points,…
Reiche Guarantees Germany Fuel Supply Secured Despite Oil Tanker Reversal
Although reports suggest that some of the first oil tankers traveling to Europe have been turned back to…
Dax Rises as Oil Prices Keep Climbing
On Tuesday the DAX gained. At the close of Xetra trading the index stood at 22,680 points, up…
Consumer Advocate Ramona Pop Calls Off Fuel‑Price Cap After One‑Size‑Fits‑All Discount Favors Big Oil
Ramona Pop, chairwoman of the Federal Consumer Association, has cautioned against a fuel‑price brake amid rising gasoline costs.…
Russian Oil Tanker Reaches Cuban Port Amid US Blockade Challenge
After the U.S. oil embargo against Cuba, a Russian oil tanker appears to have reached its Cuban destination…
Trump Lets Russian Oil Tanker Dock in Cuba to Ease Energy Crisis
U.S. President Donald Trump hinted on Sunday that the United States would allow a Russian oil tanker to…
PIK Director Demands Levy on New Oil and Gas Heaters Amid Building Modernisation Plan
Ottmar Edenhofer, director of the Potsdam Institute for Climate Impact Research, has suggested a fee on new oil‑ and…
Easter Travelers Shift to Trains as Fuel Prices Soar Amid Iran War Oil Crisis
Due to soaring petrol prices driven by the Iran war and the oil crisis, many Easter‑break travelers are…
German Energy Imports Could Cost an Extra €20 Billion as Iran War Drives Oil and Gas Prices Up
The increase of oil and gas prices caused by the Iran war is expected to add a double‑digit‑billions‑euro…
Oil Industry Warns of Supply Risks If Iran War Prolongs
The German industry group Fuels and Energy reports that, at present, no fuel shortages seem imminent. According to…
Oil Crisis CDA Proposes Raising Mileage Allowance to 38 Cents to Ease Workers
The Christian Democratic Workers Association (CDA) is calling for an increase to the mileage allowance. “My proposal is…
Environmental Group Calls for Speed Limit Instead of Car-Free Sundays Amid Oil Crisis
a nationwide speed limit.. Dorothee Saar, a traffic expert at the DUH, told the “Rheinische Post” (Friday edition)…
Oil Crisis Allianz Advisor Urges Germany to Slash Speed to Save Energy amid Iranian War Fallout
U.S. economist Mohamed El‑Erian, a consultant for the insurance group Allianz, warns that the war in Iran will have…
US Markets Fall Sharply While Oil Prices Surge
The U.S. equity markets ended sharply lower on Thursday. At the close in New York, the Dow Jones Industrial…
US Stock Markets Dip While Oil Prices Surge
U.S. equities slipped on Tuesday. At the close in New York, the Dow Jones Industrial Average settled at 46,124…
US Stocks Surge as Oil Prices Drop
U.S. stock indexes posted strong gains on Monday. By the close in New York, the Dow Industrial Average settled…
Economic Experts Fear Oil Prices Could Reach $180 a Barrel Amid Ongoing Iran Conflict
With the Iran war still raging, energy experts warn that prices could rise sharply. Manuel Frondel, a power‑sector…
SPD Chief Wiese Urges Super Profit Tax on Oil Company Crisis Profits
SPD parliamentary chief Dirk Wiese supports the idea of an “excess‑profit tax” on emergency profits from oil companies.…
DAX Opens Weak as Oil and Gas Prices Surge
30 a..m., a drop of about 2 % from the previous day’s close. The largest fall was seen in Rheinmetall,…
Orban Sticks to 90‑Billion‑Euro Credit for Kyiv Before Oil Deal Resolved
Hungary’s Prime Minister Viktor Orbán signalled no willingness to compromise on the planned €90 billion loan for Ukraine just before…
Klingbeil Looks to Impose Super‑Profit Tax on Oil Giants to Tackle Crisis Profits
German Finance Minister Lars Klingbeil (SPD) is reportedly examining the possibility of introducing a “super‑profit tax” on the crisis…
SPD Secretary Calls for Over‑Profit Tax on Oil Firms to Reduce Fuel Costs
During the debate over how to effectively lower fuel prices, SPD general secretary Tim Klüssendorf reinforced calls for…
Oil Industry Association Warns German Coalition Of Fuel Market Interventions Threatening Supply Security
The Association of the Mineral Oil Industry has warned the black‑red coalition sharply about planned interventions in the…
DAX Starts in the Red as Oil Spike Fuels Rising Rate Anxiety
The German stock index began Tuesday morning on the downside. At about 9:30 a.m., the DAX was quoted…
Left Party Calls for Surplus Profit Tax on Oil Giants to Fund 9‑Euro Ticket and Energy Crisis Cash
The Left party (Die Linke) has filed an application with the Bundestag calling on the federal government to draft…
Survey: Majority Want Oil Embargo Against Russia Held While 36 % Germans Support Trade Restart
Thirty‑six percent of Germans say they would like to allow the export of Russian oil again overall, while…
Germany’s Economy Minister Katherina Reiche to Wrap Up Fuel Price Package by Early April Amid Accusations of Oil Industry Price Hikes
Federal Minister of Economics Katherina Reiche (CDU) has criticised the petroleum industry amid sharply rising fuel prices. “It…
SPD VICE SPEAKER SLAMS OIL INDUSTRY AT FUEL PRICE TASKFORCE
SPD deputy faction leader Armand Zorn criticized the representatives of the petroleum industry as “unacceptable and contradictory” during the…
US Stocks Rally Monday While Oil Prices Plummet
On Monday the U.S. equity markets finished in the green. The Dow Jones Industrial Average closed at 46,946…
Oil Industry Stands Firm Against Antitrust Crackdown, Alerts to Fuel Shortage
The oil‑fuel industry has opposed a tightening of antitrust law and warned of shortages in gasoline and diesel…
Union Plans to Scrutinize Big Oil Over High Fuel Prices
During the recent war in Iran, gasoline and diesel prices at German service stations have surged. In response,…
Trump Urges Greater Alliance Action After New Iran Military Strikes on Gulf Oil Passage
After recent military strikes on Iran, President Donald Trump urged increased participation from his Western allies. Writing on Truth Social…
Sahra Wagenknecht Urges German Government to Restart Russian Oil Imports as U.S. Sanctions Waver
After the United States partially lifted sanctions on Russian oil, BSW founder Sahra Wagenknecht urged the German government to…
German Black-Red Coalition Condemns US Oil Release Russia Gains Triple Bonus
Politicians of Germany’s black‑red coalition sharply criticized the United States’ decision to temporarily ease trade restrictions on Russian…
Linke Push Oil Price Cap and 9 Euro Ticket to Ease Citizens Cost Burdens
Jan van Aken, the leader of Germany’s Left party, called for a cap on oil prices as a way…
Oil Shock From US Attack on Iran Spurs German Factory Pay Cut
The recent rise in energy prices caused by the US attack on Iran could slash earnings for many…
Oil Prices Alarm German Builders as Energy Costs Could Reverse Construction Recovery
The rise in energy prices could once again drive up construction costs in Germany. Matthias Frederichs, chief executive of…
U.S. Stock Markets Dip Sharply as Oil Prices Surge
The U.S. stock markets slid sharply on Thursday. By the close in New York, the Dow was quoted at…
Dax Lags as Oil Prices Steer Market Focus
The German DAX slipped to 23,590 points by the close of Xetra trading on Thursday, down 0.2 % from…
DAX Opens Lower as Oil Prices Surge
The German stock index opened the trading day on Thursday in the red. By 9:30 a.m. the DAX was…
DAX Falls Sharply While Oil and Gas Prices Surge
On Wednesday the Dax fell sharply, trading at 23,640 points at Xetra’s close-down 1.4 % from the previous day’s…
IEA Releases Record 400m Barrels of Oil From Reserves
The 32 member countries of the International Energy Agency (IEA) voted unanimously on Wednesday to release 400 million barrels…
Germany Releases Part of National Oil Reserves Amid Soaring Fuel Prices
Amid rising oil and gasoline prices, German media outlets reported on Wednesday that the government appears to be…
Oil Prices Could Rise Twenty Percent After War Experts Warn Long Term Surge
Elliot Hentov, chief strategist for geopolitical issues at State Street, believes investors should anticipate a sustained rise in…
Germany Fuel Prices Soar as Oil Crisis Continues
Fuel prices at German service stations rose sharply in the second week after war broke out in the…
G7 Set to Release Strategic Oil Reserves Amid Energy Market Turmoil
Facing increasing volatility in energy markets, Monika Schnitzer, chair of the Economic Experts Council, has called for the release…
US Stock Markets Slightly Decline as Oil Prices Plunge
The U.S. stock markets eased slightly on Tuesday. At the close in New York, the Dow reported 47,707 points,…
Saarland Leader Stands Firm Against Easing Oil Sanctions on Russia
The Saarland premier, Anke Rehlinger of the SPD, rejected calls to relax oil sanctions against Russia. She told…
TIV Urges Gas Prices to Hit €2.50 as Oil Price Surges
The German roadside‑fuel interest group, the TIV, says it expects oil giants to immediately pass on the price…
Schnitzer Urges Release of Global Oil Reserve as Prices Set to Soar
Monika Schnitzer, the chair of the economic think‑tank, warns that oil and gas prices are likely to remain…
Economist Veronika Grimm Warns of Inflation Rise as Oil Gas Prices Surge Amid Iran War
Veronika Grimm, a leading German economic forecaster, warns that the ongoing Iran conflict will push oil and gas…
US Stock Markets Rise as Oil Prices Turbulent
The US stock markets finished higher on Monday. At New York’s market close, the Dow Jones Industrial Average was…
Greens Urge EU Commission to Crack Down on Soaring Oil Prices
The Green Party members in the EU Parliament have urged the European Commission to take action against the…
German Crude Oil Imports Drop One-Third Over Two Decades Amid Middle East War Shakes Global Supply
The war in the Middle East is affecting the global supply of crude oil. According to Germany’s Federal…
DAX Opens Weak on Heavy Losses as Oil and Gas Prices Surge
The German markets opened on Monday morning with steep losses. By 9:30 a.m. the DAX traded at about…
Oil Giants Raise Profits as Fuel Prices Surge Amid Iran Conflict
The petroleum sector is making substantially higher profits amid the sharp rise in gasoline and diesel prices at…
German Taskforce Warns Oil Companies Over Unexplained Fuel Price Surge
Sepp Müller, the co‑chair of the Bundestag Taskforce “Economic Effects of the Iran War” which comprises members of…
Left Party to Unlock Oil Reserves to Counter Rising German Fuel Prices
Faced with sharply rising gasoline and diesel prices in Germany, the Left party’s parliamentary faction has called for…
DAX Climbs as Investors Track Oil Market
The DAX opened higher in Friday’s trading session. At about 09:30 German time the index was calculated at…
Economist Martin Werding Rejects SPD Overprofit Tax for Oil Giants
Economic expert Martin Werding rejects the surplus‑profit tax the SPD has demanded for oil companies. “Competition among petrol…
Study Finds Rising Oil Prices from Iran War Could Massively Slow German Growth
Rising oil prices driven by the Iran conflict could sharply slow German growth.In a simulation released Thursday by…
German Leader Urges Over‑Profit Tax on Oil Giants After Fuel Price Surge
Due to the sharply rising gasoline prices that have begun with the onset of the Iran war, Bremen’s…
Linnemann Warns of Double Inflation as Oil Prices Surge Amid Iran Crisis
Carsten Linnemann, the secretary‑general of the CDU, warned that the Iran crisis could lead to a doubling of…
Dax Holds Steady as Oil Prices Surge, Weekends End With Mild Dip
The DAX slipped slightly at the end of the week. At the Xetra close, the index was calculated…
U.S. Stocks Rise as Oil and Gold Climb
The U.S. markets finished higher on Wednesday. At the close of New York trading, the Dow Jones Industrial…
DAX Slides Further into Red as Oil Prices Rise
The DAX slipped further to the downside on Thursday after an already weak start to the trading day.…
US Markets Split as Oil and Gold Prices Dive
U.S. markets ended the day in a mix of gains and losses. At the close in New York,…
Dax Still Down by Midday As Oil Prices Rise Sharply
The DAX remained in the red on Wednesday after a cautiously muted opening, continuing its volatility into the…
Trump Announces Trade Deal With India As Modi Agrees to Shift Oil Purchases From Russia To USA And Venezuela
Donald Trump stated that he had reached an agreement with Indian Prime Minister Narendra Modi on a new…
German Government Fears Oil Supply Risks Amid US Sanctions on Rosneft Subsidiaries
The German federal government worries about supply risks for oil and refinery products if the U.S. sanctions currently…
DAX Slides Sharply as Oil and Gas Prices Surge
The German DAX sank steeply on Thursday. At the Xetra closing, the index traded at 24,309 points, a…
US Markets Split as Gold and Oil Jump Amid Uneven Day
U.S. stocks opened the day in a mixed picture. By the close in New York, the Dow Jones Industrial…
Stocks Rally Oil Prices Dive
The German DAX index edged upwards on Thursday, closing at 25,352 points – a 0.3% increase from the…
Stocks Slide Oil Prices Surge
US Markets Retreat Amid Rising Political Tensions and Central Bank Solidarity New York stock markets experienced a downturn…
Stocks Mixed Oil Gold Rise
US Markets Exhibit Mixed Performance Amid Trump’s Ambitious Military Spending Plan New York – US stock markets presented…
Stocks Stalled Oil Climbs
The German stock market benchmark, the DAX, edged slightly higher on Thursday, closing at 25,127 points, representing a…
Trump Claims Venezuela Oil Deal
A purported agreement between the United States and Venezuela, announced by former President Donald Trump via his “Truth…
Stocks Mixed Oil Declines
US Markets Signal Caution Amidst Shifting Economic Landscape New York’s stock markets presented a mixed picture on Wednesday,…
US Seizes Russian Oil Tanker
A tense standoff and subsequent seizure of a Russian oil tanker in the North Atlantic has escalated tensions…
Stocks Rise on Venezuela Oil Hope
US Markets Surge Amid Geopolitical Uncertainty Following Venezuelan Intervention New York saw significant gains on Monday across major…
Dax Soars to Record High Investors Bet on Oil Arms
The German stock exchange, DAX, surged to a record high at the start of the trading week, closing…