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
surface form: 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
surface form: 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 International Energy Agency
surface form: 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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Strategic Petroleum Reserve isRelatedTo International Energy Agency emergency stockholding requirements