Oil rises above $90 as US-Iran strikes escalate; Ryanair predicts lower fares this summer - business live
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The UK warehouse landlord Segro has rejected the latest takeover bid from its US rival Prologis, which valued the FTSE 100 company at £13.5bn.
Segro’s board unanimously rejected the third proposal, which included a partial cash alternative of up to £2.7bn and 0.0890 new Prologies share for each Segro share.
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.
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