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German Oil Refiner Is Seeing ‘Run on Heating Oil and Diesel’

  • OMV Germany suspends fuel loadings from two storage sites
  • River Rhine is getting shallower, making fuel delivery harder
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An oil refiner in Germany said it’s witnessing a “run” on supplies of heating oil and diesel, the latest sign of the stress that the country’s fuel market is under.

OMV Germany, which has a small refinery in the south of the country, “is observing a current run on heating oil and diesel,” the company said in a statement. “This is possibly due to crisis-driven market shortages and thus excessive speculation and stockpiling.”