At 19 points, OPEC+ actually cut around 5 million barrels per day. Now let’s do another calculation: can G7’s release of 100 million barrels from strategic reserves be enough?
The plan is to be carried out over four months, averaging about 830,000 barrels per day—only enough to cover one-sixth of the current shortfall. If it were used all at once to fill the 5 million barrels per day gap, it would be used up in 20 days.
This doesn’t mean it’s not useful. The IEA says that after the decision was announced, oil prices already fell by about $5. Strategic reserve oil is naturally good at quelling panic and removing short-term price premiums.
But inventories are not capacity. Withdraw a barrel, and you have one less; if Hormuz remains slow to reopen, the same question will come back four months later.
For $BTC , this is a short-term positive: a cooling oil price can ease inflation and pressure on U.S. Treasury yields. But don’t treat “temporarily pushing down prices” as “restoring supply.”
The 100 million barrels bought is not a solution—it buys time for negotiations and repair.
#BTC #原油 #G7
The plan is to be carried out over four months, averaging about 830,000 barrels per day—only enough to cover one-sixth of the current shortfall. If it were used all at once to fill the 5 million barrels per day gap, it would be used up in 20 days.
This doesn’t mean it’s not useful. The IEA says that after the decision was announced, oil prices already fell by about $5. Strategic reserve oil is naturally good at quelling panic and removing short-term price premiums.
But inventories are not capacity. Withdraw a barrel, and you have one less; if Hormuz remains slow to reopen, the same question will come back four months later.
For $BTC , this is a short-term positive: a cooling oil price can ease inflation and pressure on U.S. Treasury yields. But don’t treat “temporarily pushing down prices” as “restoring supply.”
The 100 million barrels bought is not a solution—it buys time for negotiations and repair.
#BTC #原油 #G7
