International Energy Agency emergency stockholding requirements

E128198

International Energy Agency emergency stockholding requirements are binding obligations on member countries to maintain minimum oil reserves sufficient to mitigate supply disruptions and stabilize global energy markets.

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Statements (44)

Predicate Object
instanceOf energy security policy mechanism ⓘ
international obligation ⓘ
oil stockholding requirement ⓘ
administeredBy International Energy Agency ⓘ
appliesTo International Energy Agency member countries ⓘ
crude oil ⓘ
refined oil products ⓘ
basedOn Agreement on an International Energy Program ⓘ
canBeMetThrough agency‑held strategic stocks ⓘ
compulsory industry stocks ⓘ
industry oil stocks ⓘ
public oil stocks ⓘ
complianceAssessedBy periodic IEA reviews of member countries ⓘ
complianceMeasuredIn days of net oil imports covered ⓘ
contributesTo price stabilization during oil shocks ⓘ
reduced vulnerability to oil supply interruptions ⓘ
dataReportedIn IEA Oil Market Report ⓘ
IEA monthly oil statistics ⓘ
enable coordinated emergency stock releases ⓘ
demand restraint measures ⓘ
fuel switching measures ⓘ
surge production measures ⓘ
enforcedBy International Energy Agency Governing Board ⓘ
establishedIn 1974 ⓘ
geographicScope OECD countries that are IEA members ⓘ
implementedThrough national legislation of member countries ⓘ
legalStatus binding on IEA member countries ⓘ
mayAllow use of tickets or stockholding agreements with other countries ⓘ
minimumLevel at least 90 days of net oil imports ⓘ
monitoredBy International Energy Agency Secretariat ⓘ
originatedAsResponseTo 1973–1974 oil crisis ⓘ
policyType supply‑side contingency measure ⓘ
purpose enhance energy security of member countries ⓘ
mitigate oil supply disruptions ⓘ
stabilize global energy markets ⓘ
relatedTo national emergency oil stockholding systems ⓘ
strategic petroleum reserves ⓘ
requires maintenance of minimum oil reserves ⓘ
transparent reporting of emergency stock levels ⓘ
reviewedBy IEA Standing Group on Emergency Questions ⓘ
scope emergency oil stocks ⓘ
supports collective action in global oil market emergencies ⓘ
collective emergency response system of the IEA ⓘ
triggerCondition severe oil supply disruption ⓘ

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Full triples — surface form annotated when it differs from this entity's canonical label.

Strategic Petroleum Reserve → isRelatedTo → International Energy Agency emergency stockholding requirements ⓘ