Even if the US unlocks less than its target of 1 million barrels of oil a day, it would still help balance the market and steady oil prices. AdvertisementThe US plan to unlock an unprecedented amount of oil supply will aid in balancing the global oil market and keep prices steady in 2022, JPMorgan said Friday. But the firm also warned that a larger-than-expected loss in Russia 's oil supply could kick crude prices up again next year. The planned release from the SPR equates to about 180 million barrels of oil that are set to enter the market. However, what's likely to be released, combined with other pending adjustments in the oil market, should result in a balanced market this year.

Source: Economic Times April 02, 2022 17:15 UTC