Commons Sense

House of Commons · Written Ministerial Statement

UK Participation in the IEA Coordinated Oil Stock Release

12 March 2026 · Department for Energy Security and Net Zero

Proposed by Ed Miliband Lab Doncaster North

EnergyForeign Affairs

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • UK is participating in a coordinated oil stock release by the IEA.
  • The UK will release 13.5 million barrels of oil as part of the effort.
  • Total global release under this coordinated effort is 400 million barrels.

Issue summary

The UK is participating in a coordinated oil stock release by the IEA to stabilize international fossil fuel markets disrupted by the conflict in the Middle East.

Action requested

The UK will release 13.5 million barrels of oil, reflecting its share of oil consumption among IEA members, as part of a global effort to release 400 million barrels in total.

Key facts

  • The UK will release 13.5 million barrels of oil.
  • IEA Members will release a total of 400 million barrels.
  • Traffic in the Strait of Hormuz, through which around 20% of global oil and LNG is shipped, has declined significantly.
  • The UK’s energy supplies remain resilient and stable due to a diverse supply.
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