France secures extra diesel from the UAE and Bahrain, increasing monthly commitments to 295,000 tonnes, as protests over fuel prices grip the country amid the US-Iran war. The deals aim to cover just over 10% of French consumption and prevent a winter shortage.
01Summary
- 01The UAE and Bahrain each commit to about 100,000 tonnes of diesel per month, bringing French total commitments to 295,000 tonnes.
- 02Kuwait gives commitments to deliver diesel and kerosene to French overseas territories Mayotte and Reunion via Oman, bypassing the Strait of Hormuz.
- 03TotalEnergies CEO Patrick Pouyanne says the deals mean France will not run out of diesel in February.
- 04King's College London professor Andreas Krieg says Gulf states are seeking access to European defence and supply chains as both sides try to reduce dependence on the US.
- 05France has released 10 million barrels of diesel from its reserves, aiming to cut prices by 12 to 18 cents per litre from next month.
02Why it matters
This matters because soaring fuel prices have triggered violent protests in France, and these Gulf deals could help stabilise diesel supplies and costs for households and businesses through winter.
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