- System
- IEA
- Holding model
- government
- Stockholding body
- Ministry of Business, Innovation and Employment (MBIE) administers IEA compliance and fuel monitoring; the Crown tenders for stock ticket contracts and has agreements with the United Kingdom, Japan and the United States. A Minimum Stockholding Obligation for importers applies from 2025
- Obligation
- IEA: 90 days of net imports, met since 2007 through domestic stocks plus offshore ticket contracts (MBIE)
- Reporting
- irregular
New Zealand has met its IEA obligation through domestic stocks plus tickets since 2007. During the 2026 disruption MBIE publishes fuel stock and shipping updates every Monday and Wednesday afternoon.
Latest disclosure
The government does not publish a single current total emergency stock volume in the MBIE pages checked. MBIE publishes product level days of cover and shipping updates during the 2026 disruption, and part of the obligation is met by offshore tickets, so no total barrel figure is stated.
Last recorded action
2026-03-11: release of 1.6 million barrels. New Zealand contribution to the IEA collective action of 11 March 2026 from public stocks, 1.3 crude and 0.3 products, to be delivered by terminating ticket contracts to make oil available to the market; the government stated the mechanism had not yet been determined at announcement. (source)
Confidence note: Obligation, ticket model and cadence verified from MBIE and Beehive pages opened; the latest level is null because no single official total was retrieved.