France secures additional 295,000 tons of diesel a month from Gulf countries, official says

By Reuters News

PARIS, Oct 21 (Reuters) - France has secured an additional 295,000 tons of diesel from Gulf countries for both October and November, following a visit by President Emmanuel Macron to the region this week, a presidency official said.

France, Europe's second-largest diesel consumer, will get an additional 95,000 tons per month for October and November from Saudi Arabia, and 100,000 tons per month from the United Arab Emirates, the official told reporters on Tuesday.

Talks are also underway with Bahrain for a further 100,000 tons per month. The total, to be handled by TotalEnergies TTEF.PA , would amount to just over 10% of diesel consumption, the official added, with discussions continuing for the subsequent months.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.