News feeds

Market observatory & Statistics

Emergency Stocks

The European Commission (EC) coordinates the maintenance of emergency stocks of crude oil and petroleum products. In doing so it pursues five major objectives:

  • Increase the security of supply for crude oil and petroleum products by establishing and maintaining minimum stocks
  • Promote solidarity between the Member States in the event of an energy crisis by putting in place predefined measures and mechanisms which will guarantee coordinated action
  • Manage security of supplies by providing for suitable mechanisms to deal with physical disruption of energy supplies
  • Promote market stability, in consultation with producer countries, by planning possible responses to situations where the markets anticipate a physical disruption of supplies in order to restore the proper functioning of the market
  • Increase transparency in oil market
Top