France acquires more Gulf diesel amid rising prices
French oil company Total Energies has signed agreements with Bahrain, the UAE, and Saudi Arabia to secure additional diesel supplies to France, aiming to alleviate the pressure caused by significantly rising fuel prices this year. Bahrain and the UAE will supply 100,000 tons of diesel per month, while Saudi Arabia will provide 95,000 tons during October and November. Meanwhile, European diesel prices have soared to around $200 per barrel due to the war with Iran and attacks on Russian oil refineries, which have increased the cost of living and led to violent protests in France.
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