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OIL PRODUCTS
Rhine barge rates are edging higher in recent weeks as the water levels are expected to fall back toward the lows of the year.
- Water levels at a key chokepoint on the Rhine at Kaub are expected to drop this week to the lowest since July according to Bloomberg. The barge clearance level at Kaub is forecast to fall to 93cm on 7 Oct.
- A fall below 100cm would have implications for the size of barges that could navigate the Rhine restricting a standard 100m barge carrying diesel to around 45% of capacity.
Source: Bloomberg
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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