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Europe Dodges a Rhine Crisis for the Worst Possible Reason

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 the river’s decisive chokepoint – was below 10 cm), but the relief is mostly optical. Barges still cannot carry normal loads through it, leaving the indus... [7426 chars]

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