• London Alternative Fashion Week Friday, 24 Apr 2009 | 11:44 AM ET

    Designers emphasized the importance of fashion meaning something during the current recession and suggested consumers will focus on uniqueness and affordability which is what they offer.

  • Schork Oil Outlook: Crude Gets A Bounce Thursday, 23 Apr 2009 | 11:30 AM ET

    Energy prices were mixed on Wednesday -  crude markets bounced despite a reported surge in supply, while products fell because of a reported surge in supply, writes Stephen Schork.

  • Oil Prices Resist the World’s Recession Trend Thursday, 23 Apr 2009 | 11:29 AM ET

    The recent resilience shown by the oil markets is not because of any improvement in the global economy or rise in oil consumption. Instead, analysts said, oil is once again being sought by investors as a refuge against a slumping dollar and rising inflation.

  • Schork Oil Outlook: Is The Party Over? Wednesday, 22 Apr 2009 | 11:03 AM ET

    Bullish sentiment in the S&P index should cushion any big shocks in the next couple of DOE reports, but we can’t expect this honeymoon to hold through May, writes Stephen Schork.

  • UK Budget Top Highlights Wednesday, 22 Apr 2009 | 8:37 AM ET

    Chancellor of the Exchequer Alistair Darling predicted that the economy would contract at a rate of 3.5 percent in 2009, with a fall of around 1.6 percent in the fourth quarter.

  • Schork Oil Outlook: Crude Lacks Any Real Direction Tuesday, 21 Apr 2009 | 11:22 AM ET

    Energy prices were weak on Monday… liquids markets in London and New York followed global shares lower… As such, there were no safe harbors for the oil bulls to take shelter. Meantime, gas bulls in New York flubbed an opportunity to parlay Friday’s strong close. , writes Stephen Schork.

  • Schork Oil Outlook: A New Mantra For Bulls Monday, 20 Apr 2009 | 8:45 AM ET

    Less bad is good… so goes the mantra of today’s bull. So goes the rational for buying global shares… and so goes the rational for buying oil, writes Stephen Schork.

  • Schork Oil Outlook: All Gassed Up Friday, 17 Apr 2009 | 9:44 AM ET

    The spread has decoupled from the seasonal trend and continues to ape the 2006 price path. 2006 was the only season when we had more gas in the ground than today. More importantly, as far as next winter is concerned, the relationship between the winter strip and the following summer has decoupled as well, writes Stephen Schork.

  • Schork Oil Outlook: Hitch Your Wagon To A Bull Market Thursday, 16 Apr 2009 | 11:16 AM ET

    Energy prices were firm on Wednesday:liquids and gas markets were able to shrug off another bearish weekly government storage report. As such, once again energy traders ignored a stark reminder of the flagging U.S. economy and instead hitched their wagon to a rising stock market, writes Stephen Schork.

  • Schork Oil Outlook: Get Ready For The Surge Wednesday, 15 Apr 2009 | 8:52 AM ET

    It’s clear that despite a downward trend for refinery utilization percentage we’re seeing the amount of product per barrel of crude increase over the last six years. This calls in to question the usefulness of refinery utilization as a useful indicator of how much product we can expect per barrel of crude, writes Stephen Schork.

  • Schork Oil Outlook: Getting Whipped Tuesday, 14 Apr 2009 | 12:04 PM ET

    Energy prices were mixed on Monday … crude oil futures in New York and London plunged, then surged and then plunged again as the market (present company included) traced into a vicious whipsaw, writes Stephen Schork.

  • Schork Oil Outlook: Hard To Be Bullish Monday, 13 Apr 2009 | 12:18 PM ET

    Given these fundamentals it is awfully hard to get bullish natural gas… which of course means, it is probably an excellent time to get bullish natural gas, writes Stephen Schork.

  • As we analyze in today’s issue of The Schork Report, nothing changed last week. The report was bearish. Per yesterday’s numbers, transportation fuels fell, but the draw was well below the norm, heating fuels rose and stocks of commercial and government crude oil surged, writes Stephen Schork.

  • Schork Oil Outlook: Seasonal Demand Remains Weak Wednesday, 8 Apr 2009 | 11:07 AM ET

    The futures markets, both in London and New York are behaving accordingly, i.e. spot barrels are being discounted. That is the clearest signal possible that seasonal demand, relative to supply is (and will remain) weak, writes Stephen Schork.

  • Energy pricecs were weak at the start of this week - Crude oil bulls in New York and London failed to parlay last week’s strong close, while Henry Hub natural gas bulls demonstrated, once again, their inability to trade their way out of a paper bag, writes Stephen Schork.

  • Schork Oil Outlook: Summer Supplies Don't Matter Friday, 3 Apr 2009 | 10:15 AM ET

    This year the market is in a steep contango ....in other words, the market is simply not concerned regarding supplies this summer, writes Stephen Schork.

  • Schork Oil Outlook: We're In Bear Country Thursday, 2 Apr 2009 | 9:21 AM ET

    "Energy prices were weak on Wednesday as bulls had to step out of the way following yesterday’s supremely bearish inventory report. If the bulls cannot defend this area then we will be back to sub $40 crude oil quicker than you can say T. Boone Pickens," writes Stephen Schork.

  • Schork Oil Outlook: Not All Doom And Gloom Wednesday, 1 Apr 2009 | 9:24 AM ET

    Shares for three quarters of the BRIC countries posted impressive returns in the first quarter. Be that as it may, global demand for this year remains suspect. As such, the world is (and will remain) oversupplied with oil. Thus, from a macro viewpoint oil bulls are still fighting an uphill battle, writes Stephen Schork.

  • Schork Oil Outlook: Risky Business Monday, 30 Mar 2009 | 9:45 AM ET

    As ridiculous as that three minute spike back on March 19th was, there was someone out their willing to spin a case for it. And, if that someone had deep enough pockets (think Amaranth or USO) than just by their sheer mass they were in position to enforce their will on the market.

  • Rising Fear of a Future Oil Shock Friday, 27 Mar 2009 | 9:56 AM ET
    Oil traders on the floor of the New York Mercantile Exchange, New York.

    Sharp reductions in investments and low oil prices could curb future supplies by almost eight million barrels a day within the next five years, according to a study scheduled for release Friday, the latest warning that the world could face a new energy shock when the economy picks up.

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