In fact, keeping it next to (or near) your stove could cause the flavour to change.
According to Good Housekeeping olive oil that is kept in warm, well-lit places could develop a "mustier" flavour.
Instead, find a cool, dark place to store your oil while you aren’t using it - and make sure the lid is screwed on tightly.
How long does olive oil last?
Another common misconception is that olive lasts a long time.
This is the case. Once opened a bottle of olive oil should be used in a couple of months. An unopened bottle, however, can last up to two years - as long as it's stored correctly.
If all this talk of olive oil has got you in the mood for some baking, try the following recipes.