Global strategic petroleum reserves

Common card · No. 333017

Global strategic petroleum reserves (GSPR) refer to crude oil inventories (or stockpiles) held by the government of a particular country, as well as private industry, to safeguard the economy and help maintain national security during an energy crisis. Strategic reserves are intended to be used to cover short-term supply disruptions. As of March 9, 2026, approximately 1.8 billion barrels (290,000,000 m3) of oil was held in strategic reserves by International Energy Agency member states. In 2004, approximately 4.1 billion barrels (650,000,000 m3) of oil was held in these strategic reserves, of which 1.4 billion is government-controlled and the remainder held by private industry. In February 2022, this amounted to close to two years' worth of net oil imports held in IEA member states' strategic petroleum reserves. Some non-IEA countries have started work on their own strategic petroleum reserves. China has the largest of these new reserves, and largest national strategic reserve by 2026....

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