In July 2022 the EU held 103.6 million tonnes (mt) of emergency oil stocks, up 2.5% from June 2022. The July data shows a rebound from the previous month, which recorded an all-time low of 101.1 mt, down 4, 5% compared to January 2022 corresponds to 10.3% compared to June 2021.
crude oil and petroleum products are vital in the EU economy, and in light of this oil import dependencyholding emergency stocks of oil means more energy security. EU law requires that the…
