Low Rhine strains Swiss diesel supply as importers turn to compulsory stocks

AI Summary

Very low water levels on the Rhine have sharply restricted barge movements and reduced supplies of diesel and gasoil reaching Switzerland. Importers are turning to alternative transport routes and compulsory diesel stocks to offset the disruption.

Extremely low Rhine water levels have tightened refined product supplies into Switzerland, forcing importers to increasingly rely on alternative transport routes and compulsory diesel stocks as barge movements remain heavily restricted, according to market participants. Barge supplies to the landlocked country have fallen to paltry levels, with one Swiss diesel and gasoil distributor reporting that, ...