BERLIN, May 23 (UPI) -- First the high euro, now this: ever-rising oil prices have shocked observers, who fear Europe's export-driven economies will take a beating.

HAMBURG, Germany, March 27 (UPI) -- Germany is facing up to $1.26 trillion in costs until 2050 because of global warming, according to a new study.

BERLIN, Jan. 25 (UPI) -- Politicians hail the European Commission's latest energy and climate package as a milestone, with the fossil fuel-heavy industry warning of job losses.

BERLIN, Oct. 1 (UPI) -- What may turn into a Cold War-like resource conflict started quietly, with a vehicle called "Peace 1" some 2,500 miles below the North Pole. The Mir 1 miniature submarine, manned with three Russian scientists, on Aug. 2 planted a titanium capsule with a Russian flag into the seabed -- a symbol for Russia’s controversial claim of the vast resources that are believed to be stored below it.

BERLIN, Sept. 21 (UPI) -- Will the European Commission's energy market reform plans improve or threaten energy security in Europe? The controversial legislation to open up the continent’s gas and electricity market divides experts.

BERLIN, Aug. 31 (UPI) -- The European Union is reverting to unusual measures to guarantee its energy security. According to a report, Brussels is looking to shield its oil and gas sector from unwanted acquisitions by foreign players.