Swiss fuel shortage ‘very likely’, warns trading expert

There is a "very high" risk of fuel shortages in Switzerland, according to Florence Schurch, Secretary-General of the Swiss commodities trade association Suissenégoce. + Get the most important news from Switzerland in your inbox Schurch expressed her concerns in an interview with the French-language newspapers Tribune de Genève and 24 heures. Already in March, the umbrella association had warned that, starting this month, the strategic reserves of some countries - including the Philippines, Vietnam and Bangladesh - would be depleted. + Why Switzerland’s fuel stockpiles are for Swiss use only "To be honest, the situation is really getting complicated," Schurch said. On the gas front, the situation is also described as "serious". Stocks, normally accumulated during the summer, are at risk of being insufficient, not least "because of the destruction of a refinery in Qatar, which will not be rebuilt any time soon". Schurch also predicts a sharp global increase in food prices, although ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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