Friday, August 19, 2022

Things not going well

Germany's Largest Refinery Slashes Output Due To Rhine's Low Water Levels

Tyler Durden's Photo
FRIDAY, AUG 19, 2022 - 03:00 AM

The current water levels on the Rhine River, a major inland infrastructure transit artery across Germany, are exceptionally low and have made certain parts of the river impassible by barge. Falling waters have already disrupted the flow of commodities and are exacerbating Europe's energy-supply crunch.

The alarming lack of water is contributing to a possible oil supply shock at Germany's largest oil-processing complex located on the banks of the Rhine, which is operated by Shell Plc. 

"Due to the low Rhine water level, we have reduced the capacity of Shell Energy and Chemicals Park Rhineland. The situation regarding supply is challenging but carefully managed," the company said in an e-mailed statement to Reuters

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