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Olive oil is highly perishable, but is generally said to be âgoodâ for two years from the date it was bottled (this will usually be the âBest Byâ date). However, a better indicator of freshness is to go by its harvest date, which will tell you when the oil was actually made.
Unopened cans of olives keep up to one year on a cool, dry shelf. Once you have opened a can, store the olives completely submerged in their own liquid in a covered container in the refrigerator for one to two weeks. Olives bought in bulk and stored steeped in oil keep several months in the refrigerator.