67 Days
Source:
الاقتصادية
Source: الاقتصادية
67 Daysالاقتصادية
Source: الاقتصادية
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Global energy markets are facing new disruptions as a result of severe drought conditions affecting major regions such as the Panama Canal and the Rhine River. Low water levels have reduced shipping capacity, leading to the suspension or reduction of freight traffic through these vital waterways, which in turn increases transportation costs and threatens the distribution of liquefied natural gas and other energy commodities. The dry conditions, caused by the El Niño phenomenon, have lowered water levels in the Panama Canal to their lowest since 2025, sharply reducing vessel traffic, extending voyage durations, and raising costs. Similarly, water levels in the Rhine have fallen to record lows, decreasing vessel carrying capacity and exacerbating shipping cost increases, which could impact profit margins for domestic refineries. WoodMac predicts that these disruptions will continue to put pressure on energy markets in the coming months, especially amid multiple ongoing energy crises affecting the Pacific region and Europe.
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