Department of Climate Change, Energy, the Environment and Water
Minutes Of National Oil Supplies Emergency Committee Meetings 2025-2026.
Summary
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This disclosure contains minutes from a March 2026 National Oil Supplies Emergency Committee meeting convened to discuss Middle East geopolitical developments and implications for Australian liquid fuel security. The meeting brought together Commonwealth and state representatives, defence officials, and major oil industry participants (BP, Ampol, ExxonMobil, Viva, EG Fuelco, AIP). Key discussion points included International Energy Agency actions and communications, industry assessment that current market conditions do not indicate panic buying despite some increased drawdown on underground storage and supply-shoring by bulk users, and advice cautioning against public messaging around pricing or supply outlooks to avoid triggering demand panics. The committee discussed coordination mechanisms but had not activated emergency protocols at the time of the meeting. This document does not pertain to environmental regulation, species protection, or EPBC Act matters within DCCEEW's environmental mandate.
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