Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what his policy is on the required minimum level of oil stocks for national resilience.

Emergency oil stocks are a critical tool to defend against the harmful impacts of major disruptions to global oil supply. The UK holds emergency stocks of oil, primarily to release in a co-ordinated fashion with other members to the international market in the event of such major supply disruption. As a member of the International Energy Agency the UK is obligated to hold a minimum of 90 days of net imports. This obligation is passed on to companies that supply more than 50 thousand tonnes of key fuels to the UK market in a twelve-month period.