Europe Dodges A Rhine Crisis For The Worst Possible Reason

Europe Dodges A Rhine Crisis For The Worst Possible Reason Authored by Natalia Katona via OilPrice.com, Rhine freight from ARA to Karlsruhe has surged from €45/t to €215/t as Kaub remains below the 77-cm threshold needed for normal commercial traffic. The squeeze is disrupting 3.1 million t/y of ethylene capacity and product movements from the 320,000-b/d Miro refinery. Europe is avoiding a deeper crisis only because crackers are running at around 70% and fuel demand is weak. ...

By Tyler Durden