Emergency Oil Stockpile

An Emergency Oil Stockpile is a reserve of crude oil or refined petroleum products that a country maintains to ensure energy security. This stockpile serves as a buffer against unexpected disruptions in oil supply, such as natural disasters, geopolitical conflicts, or market fluctuations. By having a stockpile, a nation can stabilize its economy and maintain essential services, such as transportation and heating, during crises. Countries often create these reserves to reduce dependence on foreign oil and to manage risk in their energy supplies.