Business · Energy & Commodities · 8 hrs ago

Switzerland to use strategic diesel reserves after delivery delays from France

Switzerland to use strategic diesel reserves after delivery delays from France

Switzerland will temporarily draw on its strategic diesel reserves after heavy rain in southern France delayed deliveries by pipeline.

The country can release up to 45,000 cubic metres by 22 November, just under 4% of its current diesel stocks.

The Swiss authorities say this will cover a short-term diesel supply gap and keep national supply secure.

The disruption adds to months of transport problems caused by low water levels on the Rhine, while the war in Iran and disruption in the Strait of Hormuz have strained oil markets.

Switzerland had already approved reserve releases for aviation fuel after rail freight problems threatened supply to Zurich Airport; authorities say aviation fuel is now covered until 1 November.

Petrol and heating oil supplies remain sufficient, but officials warn that the overall supply situation for petroleum products is still tense and precarious.

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