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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. The Rhine has slightly risen from its mid-August record low (when Kaub's water level gauge - at...

Russian missiles and drones pounded Kyiv and other parts of Ukraine on Monday as Ukrainian forces fired over 600 drones into Russian regions. According to Ukrainian officials, the Russian strikes on Kyiv and its surrounding region killed at least 22 people, and 85 were injured. Ukraine’s Air Force said that Russia fired 351 drones and […]

An Israeli strike hit a vehicle in Gaza City on Thursday, killing at least one Palestinian, as the IDF continues its constant violations of the US-backed ceasefire deal. The Palestinian news agency WAFA reported that the car was hit south of Gaza City and the victim’s body was transferred by relatives to another vehicle, which […]