Low Rhine River water levels disrupt petroleum product shipments to parts of Europe

Historically low water levels on the Rhine River in Europe have resulted in transportation disruptions for shipments of petroleum products by barge, which in turn have resulted in higher freight costs and higher prices in markets upriver, such as in southern Germany. These disruptions are occurring at a time when markets along the Rhine River typically build inventories of distillate fuel for space heating ahead of the winter. More »