S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
The Charles Schwab Company Can Hit New Highs
Kinder Morgan Stock Bid Up In An Oil Breakout
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
Closing prices for crude oil, gold and other commodities
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
The Charles Schwab Company Can Hit New Highs
Kinder Morgan Stock Bid Up In An Oil Breakout
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
Closing prices for crude oil, gold and other commodities
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
The Charles Schwab Company Can Hit New Highs
Kinder Morgan Stock Bid Up In An Oil Breakout
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
Closing prices for crude oil, gold and other commodities
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
The Charles Schwab Company Can Hit New Highs
Kinder Morgan Stock Bid Up In An Oil Breakout
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
Closing prices for crude oil, gold and other commodities

German leader seeks energy deals, alliances on Gulf trip


In this photo released by Saudi Press Agency, SPA, Saudi Crown Prince Mohammed bin Salman, right, shakes hands with Chancellor Olaf Scholz, after his arrival in Jeddah, Saudi Arabia, Saturday, Sept 24, 2022. (Saudi Press Agency via AP)

BERLIN (AP) — German Chancellor Olaf Scholz arrived Saturday in Saudi Arabia for the first stop of a two-day, three-country visit to the Middle East aimed at striking new energy deals and forging fresh alliances amid the economic and geopolitical turmoil resulting from Russia’s invasion of Ukraine.

The German government has scrambled to wean Europe's biggest economy off Russian oil, coal and gas since coming to office last December.

While imports from Russia have declined sharply since then, there are fears that Germany, like other European countries, could face an energy shortage in the coming months.

Bridging the gap in natural gas supplies is a particular concern and one of the reasons Scholz is also heading to the United Arab Emirates and Qatar together with a high-level business delegation, senior officials said.

The officials, who briefed reporters on condition of anonymity ahead of the trip, said Scholz would raise human rights issues when he meets Saudi Arabia’s powerful Crown Prince Mohammed bin Salman in Jeddah.

Photos released by the oil-rich kingdom's official news agency showed the two men greeting each other with a hearty handshake and smiles before sitting down for talks beneath a large portrait of King Salman.

U.S. President Joe Biden was criticized in July for meeting with the Saudi crown prince, despite allegations that he was involved in the killing of Saudi journalist Jamal Khashoggi. Former UK Prime Minister Boris Johnson and French President Emmanuel Macron have also recently met with the Prince Mohammed.

“Of course, this trip is being closely watched and we're going to encounter difficult partners there," one German official said. “And yet we can't refuse to have such meetings and such cooperation.”

“In a world with 193 countries and big differences, it's not just the German chancellor but many other leaders too who are seeking out talks at the moment and trying to forge new alliances and strengthen old ties,” said the official, who was not authorized to be quoted by name on the trip.


From Saudi Arabia the German leader flies to Abu Dhabi, where he will meet with President Sheikh Mohammed bin Zayed Al Nahyan of the United Arab Emirates and sign an energy accord. Talks there will also address the country's hosting of next year's U.N. climate talks.

The final stop is Doha, where Scholz will meet Qatar’s emir, Sheikh Tamim bin Hamad Al Thani, to discuss bilateral relations, regional issues such as tensions with Iran and the Gulf nation's upcoming hosting of the soccer World Cup.

German officials said all energy agreements will take into account the country's plans to become carbon neutral by 2045, requiring a shift from natural gas to hydrogen produced with renewable energy in the coming decades. Saudi Arabia, which has vast regions suitable for cheap solar power generation, is seen as a particularly suitable supplier of hydrogen, they said.

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

Featured Articles and Offers

Search Headlines: