Australia does not have public stocks, nor is there any minimum stockholding requirement imposed on oil companies operating in the country. The Australian government relies on the normal stockholding practices of the domestic oil industry to meet its 90-day net import obligation as a member of the IEA.
Related news & events
- Australia and IEA Agree to Cooperate on Energy Security Review
31 October 2016
- Global coal demand stalls after more than a decade of relentless growth
18 December 2015
- Energy ministers set course for new era at IEA
18 November 2015