Oil rises above $90 as US-Iran strikes escalate; Ryanair predicts lower fares this summer - business live

Rolling coverage of the latest economic and financial news Europe faces a squeeze on its diesel supply this year, according to analysts at the bank Morgan Stanley , with stockpiles expected to decline over the coming months. Analysts including Martijn Rats wrote in a note yesterday: The picture is genuinely tight. Our supply/demand modeling points toward European diesel inventories falling to multi-year lows toward year-end. …The real bottleneck in the oil system right now is refining, more so than crude…The epicenter of all this is the diesel market, and Europe in particular. Three US service

This story was reported by Business | The Guardian. EUROPES curates Europe's most relevant coverage — read the full report at the original source.