Rhine River Closure Puts 400,000 Barrels a Day of Oil Trade at Risk
This article is for subscribers only.
A closure of the Rhine River could disrupt the daily trade of hundreds of thousands of barrels of oil products, piling yet more pressure on Europe’s energy-supply chain.
The water level at Kaub, west of Frankfurt, is forecast to drop below a critical 40-centimeter mark (under 16 inches) on Friday, and to 33 centimeters on Monday. At that point, it becomes uneconomical for many barges to carry goods through the waypoint, limiting supplies to parts of Germany and Switzerland.