There is a run on fuels such as diesel and heating oil in the southern parts of Germany as supplies are constrained due to critically low water levels on the River Rhine, the German unit of refiner OMV told Bloomberg on Thursday. The Rhine River, which runs northwest from Switzerland through Germany, France, and the Netherlands into the North Sea, is a major petroleum product transportation corridor in Europe. Due to heat waves and drought this summer in Europe, the levels on the river are low and have now become too shallow for many barges shipping petroleum products to pass. The German unit of Austria-based OMV has ... (full story)