Oil storage facilities in Germany
“All member states have between 85 and 90 days of stocks or their equivalent, including Hungary and Slovakia, which have informed us that they have released some stocks, but this was not related to the conflict in the Middle East. This means that Member States are obliged to notify the commission when they release these stocks. To our knowledge, no member state has done so so far,” Itkonen said.
At an emergency meeting of the oil coordination group on March 4, 2026, it was confirmed that there are no immediate risks to security of supply. EU reserves remain at a consistently high level, exceeding the mandatory minimum of 90 days of net imports.
The International Energy Agency (IEA) stated that there are no plans to collectively release reserves yet, as there remains a significant oversupply in the market.
The EU has successfully diversified imports by increasing oil purchases from Kazakhstan and Azerbaijan, offsetting disruptions elsewhere. EU and US officials believe that the current price spike may be temporary and caused by geopolitical nervousness rather than a real shortage of physical barrels.
Moldova builds reserves
Moldova has started building strategic reserves of petroleum products from 2026 (the goal is to reach 90 days of net imports by 2030).
Moldovan authorities state that current stocks are sufficient to cover domestic consumption in the short term. The total stock of diesel fuel is about 18-20 days (7 days – in domestic warehouses, 5 days – additional volumes in the port of Giurgiulesti, about 10 days – available at gas stations throughout the country). Gasoline stocks in the country will be sufficient for more than 20 days. Chisinau airport has about 3,000 tons of aviation fuel, with another 3,800 tons contracted for delivery in March.
