§ Mr. Timms
The UK does not have a strategic reserve. It meets its international stocking obligations by imposing compulsory oil stocking obligations on commercial companies. These amount to 67½ days of average daily consumption for refiners and 48½ days of average daily consumption for non-refiners. As at the end of February 2004, the UK held stocks of crude oil and petroleum products equivalent to almost 76 days of average daily consumption.