On 19 October 2018, the European Commission adopted an update to the Directive on minimum EU stocks of crude oil and/or petroleum products, to continue to guarantee the highest level of security of energy supply in Europe.
The review in 2017 of the functioning of the Directive currently in force concluded that the Directive is still fit for purpose. Nevertheless, in order to improve its clarity and reduce the administrative burden for Member States, a series of technical changes and updates were proposed.
In particular, the changes will improve the method used by Member States to deduct, when calculating the minimum level of emergency stocks required, the amounts of petroleum products used for petrochemical, non-energy applications.
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