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المشهد العربي
Morgan Stanley warns of diesel market crisis
A report from Morgan Stanley highlighted a severe crisis facing the European diesel market due to fuel supply disruptions caused by military tensions in the Middle East and the closing of the Strait of Hormuz. The report forecasted European diesel inventories to fall to their lowest levels in years, reaching approximately 299 million barrels by November — the lowest for this time of year since 2015. Additionally, diesel refining margins in Northwest Europe reached record levels, with prices remaining steady at current levels that reflect the scarcity of supply, following a 3.5% increase in diesel futures to $1,219.5 per ton.
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