BlockBeats news, on March 15, The Kobeissi Letter cited JPMorgan data indicating that the G7's coordinated release of strategic petroleum reserves can deliver only about 1.2 million barrels of oil per day.
Historically, the peak volume of emergency releases has been approximately 1.4 million barrels per day. However, due to ongoing oil field modernization efforts and lower inventories, the operational flexibility of the U.S. Strategic Petroleum Reserve may be below the 1 million barrels per day level seen in 2022.
Meanwhile, due to the blockade of the Strait of Hormuz, approximately 16 million barrels of crude oil are stranded in the Persian Gulf each day. A daily release of 1.2 million barrels can only cover 7.5% of this 16-million-barrel shortfall. Analysis indicates that emergency reserves can only buy time but cannot compensate for lost supply or resolve the supply bottleneck.
