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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL PRODUCTS
Declining water levels on the Rhine are severely restricting the amount of oil that barges can carry to inland Europe, Bloomberg said.
- A barge loading middle distillates Aug. 29 will only be able to carry half its capacity beyond the chokepoint of Kaub, according to Riverlake.
- “Water levels on the Rhine will continue to fall until the middle of next week,” Riverlake said in a report, cited by Bloomberg. After that, “there is a chance they will briefly rise again, but at least stabilize.”
- A barge can normally haul as much as 2.5k mt of middle distillates is restricted to loading 1.36k mt if heading past Kaub. This could drop as low as 1.2k mt.
- Water levels on the Rhine have dropped periodically in recent years. The water level at Kaub is likely to be as low as 108cm by Sep. 1.
- The water level at Kaub fell as low as 30cm in 2022.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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