Macron secures Gulf diesel deals

French President Emmanuel Macron has secured commitments for an extra two hundred thousand tonnes of diesel a month from the United Arab Emirates and Bahrain, announced by the Elysee Palace on Tuesday.

The breakdown of new supplies

The UAE committed to about one hundred thousand tonnes monthly, while Bahrain will supply a further one hundred thousand tonnes during Macron's visit.

Violent protests over living costs

Macron's three-day Gulf tour follows a weekend of violent protests in France over the soaring cost of living, as the US-Iran war keeps energy prices high. The tour also stops in Kuwait and Qatar.

Kuwait routes fuel via Oman

Kuwait has given very clear commitments to deliver diesel and kerosene to French overseas territories Mayotte and Reunion in the Indian Ocean. The shipments will go via Oman to bypass the Strait of Hormuz.

TotalEnergies chief reassures France

Patrick Pouyanne, head of French oil giant TotalEnergies, travelling with Macron, said the deals would reassure the French. We are not going to run out of diesel in February, he said.

“We are not going to run out of diesel in February”

France releases reserves to cut prices

France has released ten million barrels of diesel from its own reserves, aiming to cut prices by twelve to eighteen cents a litre, or about five to eight percent, from next month.