Press Release: EU emergency oil stocks at comfortable levels and largely unaffected by last year’s releases

A meeting of the Member States Oil Supply Group on 25 April 2006 confirmed the current levels of emergency oil stocks in Europe at 117 days of consumption, a figure well above the mandatory 90 days. The meeting reviewed the level of oil stocks in Member States and their replenishment following late 2005 releases in the context of the IEA concerted action after Hurricanes Katrina and Rita.