Macron lines up more Gulf diesel as France battles soaring fuel prices
Summary
French President Emmanuel Macron has arranged for an extra 200,000 tonnes of diesel a month from the UAE and Bahrain to help with high fuel prices in France. These new deals add to existing supplies from Saudi Arabia and Kuwait, providing more than 10% of France’s diesel needs while Macron visits Gulf countries.Key Facts
- The UAE committed to supplying about 100,000 tonnes of diesel per month to France.
- Bahrain also agreed to provide 100,000 tonnes of diesel per month during Macron’s visit.
- Together with Saudi Arabia, France now has diesel supplies covering over 10% of its consumption.
- Kuwait promised to deliver diesel and kerosene to French territories in the Indian Ocean via Oman.
- Shipments are routed through Oman to avoid the Strait of Hormuz, blocked by Iran amid conflicts.
- TotalEnergies CEO Patrick Pouyanne said France will not run out of diesel in February.
- France released 10 million barrels of diesel from its reserves to reduce fuel prices by 5 to 8 percent.
- Macron’s Gulf trip also focuses on security, defense cooperation, and advancing artificial intelligence cooperation.
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