INTERVIEW - Expensive Fuels: "I've been in this industry for 38 years. I've never experienced a situation like the current one."

Swiss refinery running at full capacity due to high fuel prices and Europe's dependence. CEO Dev Sanyal on the extreme market situation, which he has never experienced in 38 years of industry experience, and supply security. Important insights for those interested in energy management.

INTERVIEW - Expensive Fuels: "I have been in this industry for 38 years. I have never experienced a situation like the current one."

Cressier, October 6, 2026 – Switzerland's only refinery in the canton of Neuchâtel, which has existed for 60 years, is currently experiencing a phase of extreme capacity utilization. In view of the tense global energy markets and high fuel prices, the role of this plant is of increasing importance for Europe's security of supply. Group CEO Dev Sanyal commented in a recent interview on the extraordinary market situation and the continent's dependence on stable energy sources. His statement that he has not experienced such a situation in 38 years in the industry underscores the urgency of the current challenges.

The high utilization of the refinery in Cressier is a direct result of the geopolitical tensions and disrupted supply chains that have characterized energy markets for some time. Increasing the capacity of local production facilities is becoming a decisive factor in ensuring security of supply in countries like Switzerland and beyond. This development highlights the fragility of global dependencies and the need for robust, diversified energy strategies, particularly for industrial and consumer goods.

Strategic Importance in Energy Management

For specialists and executives in the energy sector, as well as for prospective MBA graduates, such scenarios offer valuable insights into complex crisis management and strategic realignment. The current situation requires not only technical understanding but also sound knowledge of global economics, supply chain management, and risk assessment. Degree programs focusing on energy management, sustainability, and international business development are gaining relevance in light of these developments. They prepare future decision-makers to respond to unpredictable market fluctuations and promote long-term resilience.

The discussion about expensive fuels and supply bottlenecks is expected to continue beyond the turn of the year 2026. It forces companies and governments to critically review their energy policies and accelerate investments in alternative energies as well as in the optimization of existing infrastructures. The focus is not only on the substitution of fossil fuels but also on increasing efficiency and strengthening regional production capacities. This creates new challenges, but also opportunities for innovation and the development of new business models.