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Daves2017
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“Australia has failed to meet the International Energy Agency’s (IEA) requirement to hold 90 days of net oil import reserves for over a decade, often holding closer to 30–50 days. While Australia holds some physical stock in local refineries/terminals, it has historically relied on "tickets" for fuel stored in the US.
The Guardian
The Guardian
+4
Key Findings regarding 90-Day Oil Storage:
IEA Compliance Failure: Australia is the only IEA member that has consistently failed to meet the mandatory 90-day requirement. As of 2026, the country has often held only around 52 days of net imports.
Actual Fuel Reserves: Actual domestic consumption reserves are lower than IEA reporting. Estimates often show only 20–30 days of consumption for specific fuels like petrol and diesel on shore.
Storage Limitations: Australia has limited domestic storage capacity, with only two operational refineries remaining.
Fuel Storage Strategies: To improve compliance, Australia has purchased oil held in the US. Some initiatives aim to increase domestic storage capacity, such as a, +3.7 billion litre diesel reserve reported in 2026.
Impact of Conflict: The nation has been forced to release emergency stockpiles to maintain supply, such as in 2026, highlighting the volatility of the current reserves.
The Guardian
The Guardian
+4
Source: Information based on search results from 2026.
AI will tell you Australia’s fuel reserve is in the US. But is that even true? | Petrol prices
24 Mar 2026 — The two remaining refineries have been propped up by the government. The Albanese government announced last week it would extend their subsidy scheme to help th...
The Guardian
Australia has never been more vulnerable to an energy crisis
12 Mar 2026 — The sale, part of a global sell-down orchestrated by the International Energy Agency (IEA) to keep oil prices in check in the wake of Russia's invasion of Ukrai...
Australian Broadcasting Corporation
Labor says Australia won’t run out of fuel due to the Iran conflict. So ...
4 Mar 2026 — The minimum for refiners of diesel is 20 days' worth of supply, and 32 days' worth for importers. The businesses need to report their holdings weekly, and Depar...
The Guardian
Australia is running on empty – in more ways than one
27 Mar 2026 — Australia holds roughly 38 days of petrol reserves. It has also failed for more than a decade to meet the International Energy Agency's 90-day requirement for n...
Lowy Institute
Securing Australia’s fuel supplies in a major conflict | Lowy Institute
12 Jan 2026 — Australia is the only International Energy Agency member that for years hasn't met the standard of 90 days of stocks, holding only 52 days in September 2025.
Lowy Institute
Australia releases six days' worth of petrol from emergency stockpile
13 Mar 2026 — In short: Australia will open its fuel reserves for the first time since 2022 amid the conflict in the Middle East. About six days' worth of petrol and five day...
Australian Broadcasting Corporation
Liquid Fuels Stockholdings in Australia and the IEA ...
The highest level of fuel supply flexibility and reliability is achieved when stock on water can be readily diverted between Australian locations on an as needs...
Australian Institute of Petroleum”
“ AI
The question Albo avoids is should a Royal Commission be appointed to investigate the failure of government ( both sides) .
The government has failed our national fuel security.
The government with the horrible Bondi extreme Islam attack failed Australians.
Albo couldn’t have been any more incompetent or irrelevant.
Federation is a disaster.
Wen need the right to vote again if we want to continue with this failed government of federation.
Our state’s representative there people.
Albo and anus.
They failing to represent any Australians.
We don’t need a federal government.
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