Market Chatter: Germany Fears Low Water Level At River Rhine Could Impact Coal, Oil Supplies

Market Chatter: Germany Fears Low Water Level At River Rhine Could Impact Coal, Oil Supplies

Germany believes that the low water level at the Rhine river could impact coal supply for power plants in autumn and winter and oil supply in eastern parts of the country, Reuters reported Wednesday, citing a document by the Economy Ministry.

The low water levels exacerbated Germany's energy crisis after it switched to more coal and oil following Russian curbs on energy supplies. The country also faces the risk of a sharp decline in accumulated coal stocks due to reduced domestic shipping.

Germany does not expect the situation to improve, with most of the transport responsibilities now falling on the overburned rail system after the government approved the energy transport on part of the country's rail networks.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)