IEA Response System for Oil Supply Emergencies

This issue explains the decisionmaking process leading to an IEA collective action, the measures available, focusing on stockdraw, and finally, the historical background of major oil supply disruptions and the IEA response to them. It also demonstrates the continuing need for emergency preparedness, including the growing importance of engaging key transition and emerging economies in dialogue about energy security.

TABLE OF CONTENTS
About IEA emergency response
The IEA response to an oil supply disruption
Member countries’ response measures to meet emergency co-ordinated action
IEA member countries’ oil stocks
Stocks in IEA member countries since 1984
Potential IEA stockdraw capacity of public stocks
Demand restraint in an IEA co-ordinated response
Major world oil supply disruptions
September 2005 IEA collective action in response to Hurricane Katrina
Global energy dialogue on emergency preparedness
The continuing need for emergency preparedness
The IEA stands ready