Low water levels along the Rhine have increased freight rates and forced barges to part-load. With shipments to inland demand centers restricted, stocks have been building in Amsterdam-Rotterdam-Antwerp. This is having a bearish impact on commodities going down the Rhine, but is bullish for final products. If restrictions continue, it could slow down production.
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In our latest Oil Markets podcast, our experts discuss how this is all affecting clean oil products that depend on river transportation in the region.