Outside the small town of
Riedstadt, near Frankfurt, a bright green derrick pumping oil from deep
underground marks a rare rural German site where that is still a profitable business.
The German Chambers of Commerce and Industry (DIHK) warned on Thursday that a fresh burst of economic confidence might be unfounded, even as they raised their growth projections for 2015.
The Islamic State group has lost control of "at least three large oil fields" in Iraq, depriving the jihadists of a crucial source of income, a German newspaper report said Thursday.
Investment sentiment in Germany rose sharply in December after a rebound the previous month, driven by a weak euro and plunging oil prices, a survey found on Tuesday.
UPDATE: Germany’s development minister Gerd Müller attacked the production practices of Shell and Adidas on Tuesday, suggesting indirectly that German consumers should boycott some of the companies' products. Adidas has hit back with a furious response.
Germany has no other sensible source of gas and oil other than Russia, the country's energy minister said on Thursday. His statement came hours after Chancellor Angela Merkel said she foresaw an energy overhaul.
UPDATE: An explosion which shook a Shell oil refinery in western Germany on Thursday created "masses of carcinogenic soot," environmentalists said on Friday. The cause remains unknown.
Chancellor Angela Merkel voiced concern on Wednesday to Russian President Vladimir Putin over the detention of 30 Greenpeace members who had protested against Arctic drilling.
Currently best known for not very much, the north German state of Brandenburg could soon be catapulted into an economic boom - a drilling firm reckons there are 92 million tonnes of oil there and plans to start drilling in four years.
Iran has stopped oil imports to Germany and reduced its consumption of EU products as the European Union moves towards a total embargo on Iranian oil, Iranian media reported on Wednesday.
German Foreign Minister Guido Westerwelle said on Sunday on a visit to Oman that countries must take action against smuggling to Iran to help avert an escalation over Tehran's nuclear programme.
The leaders of Britain, France and Germany late on Monday called on Tehran to immediately suspend its nuclear activities after the EU slapped an embargo on Iran's oil exports as part of tough new sanctions.
The German government is tightening its monitoring of the Hamburg-based European-Iranian Trade Bank, which was at the centre of a controversy this week regarding Indian purchases of Iranian oil.
Chancellor Angela Merkel has put a stop to plans that have irked Washington and Israel for India to channel oil payments to Iran through the German central bank, a press report said Tuesday.
High-octane petrol is getting scarce at German gas stations as drivers uncertain about the safety of new Super E10 gasoline-ethanol mix fill up with traditional super grades. The government and auto lobby are calling for better information on the new biofuel.
State-owned Russian oil group Rosneft is set to buy stakes in four German refineries, one of the biggest such acquisitions of assets in Western Europe, a press report said Friday.
Green politicians are discussing the idea of a boycott of BP and its Aral petrol stations in Germany, in the light of the multi-national’s failure to prevent or stop the oil leak in the Gulf of Mexico.
Natural gas customers in Germany may be in for some price relief after a court ruled Wednesday that energy companies could not link prices to fluctuations in the price of oil.
Just in time for summer road trips, petrol prices in Germany reached a new high in May after five consecutive months of increases, German auto club ADAC reported on Wednesday.
German inflation ticked up slightly to 1.0 percent in February, preliminary data released on Friday by the national statistics office showed, but was expected to fall again soon.
Former German Chancellor Gerhard Schröder will join the board of British-Russian oil firm TNK-BP, British energy giant BP said on Thursday, following a peace deal between its feuding shareholders.
