Insight
Europe downstream oil in brief: Germany and Switzerland release fuel reserves amid Rhine crisis
Report summary
The Rhine, a key supply corridor for refined oil products from ARA ports to Germany and Switzerland, is being severely impacted by a lack of rainfall. Water levels are so low that barges are unable to transport enough product to meet local demand in both Germany and Switzerland. In this insight we explore: - The relationship between water levels and freight rate costs for refined products - What soaring freight rates mean for fuel retailers and end consumers - How governments are responding and how it can be avoided in the future
Table of contents
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Where did the Rhine go? Germany and Switzerland release fuel reserves amid Rhine water level crisis
- A key transport corridor for fuel to inland European markets
- Historic low water levels drive record high freight rates
- Retail pump prices increase and diesel margins come under pressure
- Supply shock prompts emergency stock release
- Questions around the impact of climate change on river-borne supply systems
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Margins
- Refining margins
- Fuels marketingmargins
Tables and charts
This report includes 15 images and tables including:
- Map of the Rhine
- Kaub monthly water levels
- Frankfurt freight rates and Kaub water levels
- Frankfurt freight rate relationship with Kaub water levels
- Increases in Frankfurt freight rates impact on German retail diesel margins
- MED gasoline/gasoil crack spreads
- MED refining margins
- NWE gasoline/gasoil crack spreads
- NWE refining margins
- United Kingdom gross marketing margins
- France gross marketing margins
- Germany gross marketing margins
- Spain gross marketing margins
- Recent M&A transactions
What's included
This report contains:
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