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.
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.