Diesel shortage prompts reserve use

Switzerland has announced it will draw on its strategic diesel reserves to address a temporary shortage caused by delayed pipeline deliveries from France. The Alpine nation assured that its supply of diesel remains secure despite the issue.

Pipeline delays due to weather

The Federal Office for Economic Supply (OFAE) stated that heavy rainfall in southern France has disrupted pipeline deliveries, leading to a short-term diesel shortage. The office emphasized that the situation is already very tight in the supply chain.

Reserve withdrawal limits set

Switzerland plans to withdraw up to 45,000 cubic meters of diesel from its reserves between October 23 and November 22. This amount is slightly less than 4% of the country’s current stock levels, according to OFAE.

International oil market tensions

OFAE noted that international oil markets have been under stress since the start of the war in Iran eight months ago. The conflict has disrupted maritime traffic in the Strait of Hormuz, a critical route for Gulf oil exports, contributing to higher crude oil prices.

Rhine water levels affect logistics

Switzerland’s supply chains have faced ongoing challenges due to consistently low water levels on the Rhine River. OFAE warned that any disruption to alternative transport methods could quickly lead to bottlenecks in the country’s logistics network.

Jet fuel reserves used earlier

Earlier this month, Swiss authorities tapped into their jet fuel reserves to prevent shortages at Zurich Airport after delays and cancellations in international freight rail transport. The Office confirmed that aviation fuel supply is now secure through authorized withdrawals until November 1.

Petroleum supply remains precarious

While gasoline and heating oil supplies are guaranteed, OFAE cautioned that the situation remains tense and precarious for all petroleum products. Diesel prices have been particularly affected by the ongoing global supply chain issues.