Switzerland is repealing an ordinance from 2022 allowing drawdowns from its strategic fuel stockpiles after supply of petroleum products has now normalized, the Swiss government said on Tuesday. Last year, Switzerland started to release oil from its emergency reserves as it lowered the obligatory levels of petroleum stocks by 6.5% due to low water levels on the Rhine River and chaos in railway transportation. In 2022, heat waves and droughts in many parts of Europe drained the water levels at the biggest navigational rivers, including…
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