Citation :
France is looking to replenish its stockpiles of diesel in coming months, another move by a European country to shore up supplies as winter approaches. The French government wants companies to replenish fuel inventories that were released around June as part of a globally co-ordinated stock-draw. The idea is to refill during October and November, a person familiar with the matter said, without specifying a volume. The timing of the restock is important because the European Union is preparing to cut off almost all seaborne deliveries of diesel-type fuel -- as well as other refined petroleum products -- early next year from its single biggest external supplier: Russia. For France, the EU’s upcoming sanctions are significant -- the nation is a major diesel importer and Russia was still its second biggest supplier of seaborne cargoes in August, having surrendered the top position to Saudi Arabia, according to data from Vortexa Ltd, compiled by Bloomberg. Like France, the Netherlands is also stocking-up on diesel before the winter. It wants to go further than only replenishing what it earlier sold through the coordinated release by IEA member countries.
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