Latest news and stories about oil reserves in Portugal for expats and residents.
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Portugal has oil and derivative reserves for 93 days of consumption in a disruption scenario. In the last quarter of 2025, the country held 1.56 million tonnes of strategic reserves: 538 thousand tonnes of crude, 51.4 thousand tonnes of petrol, and 297.8 thousand tonnes of diesel.
Emergency stocks, which countries can turn to in special cases, are released when there is a supply disruption in the market. Negócios journalist Carla Pedro explains what they are and what they are for.
The 32 member countries of the International Energy Agency (IEA) have unanimously decided to release 400 million barrels of oil from strategic reserves into the markets. Portugal will mobilise two million barrels from its strategic reserves. The US President stated this Wednesday that there is 'practically nothing left' to attack in Iran and that the war in the country will end soon. The Iranian military, meanwhile, claims to have attacked several targets in Israel, including the headquarters of military intelligence and a naval base. We are following the evolution of the conflict here, minute by minute.
The fossil fuel will be shared with “international partners”, as Portugal joins the International Energy Agency agreement, which decided to release 400 million barrels into the market.
The country is joining the agreement of IEA member states, which have collectively decided to release 400 million barrels of oil from strategic reserves into the markets.
The measure aims to compensate for the loss of supply due to the effective closure of the Strait of Hormuz.
Portugal announced the release of 2 million barrels of oil from its strategic reserves. This move aims to address current energy needs or market conditions, reflecting the country's efforts to manage its energy resources amid global fluctuations. The article details the context and potential implications of this decision for Portugal's energy policy and market stability.
