oil supply security

Oil supply security refers to the reliable availability of oil to meet a country's or region's energy needs. It involves ensuring steady production, managing reserves, diversifying sources, and protecting supply chains from disruptions like geopolitical conflicts, economic shocks, or natural disasters. Maintaining oil supply security helps prevent sudden shortages, price spikes, and economic instability, supporting consistent energy access for transportation, industry, and households. Essentially, it is about safeguarding the continuity and stability of oil supplies to support a nation’s economic and social functions.