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Stephen Schork

Founder and Editor, The Schork Report

Stephen Schork is the Founder and Editor of The Schork Report, a daily subscription newsletter providing comprehensive technical and fundamental daily views of the energy cash and financial markets. Published since April 2005, The Schork Report is geared towards professionals in the global energy arena looking to improve economic performance while managing risk. Further information is available at www.EnergyMarketIntelligence.com.

Schork was a floor trader (Local) in the New York Mercantile Exchange’s energy complex and has more than 18 years experience in physical commodity and derivatives trading, risk systems modeling and structured commodity finance.

A recognized expert in the energy sector, Schork is a regular guest on CNBC and Bloomberg Television. He is also frequently quoted in The Wall Street Journal, Business Week, Reuters, the Associated Press, Platts, The Street.com and CNNMoney.com.

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  • Yesterday the French oil giant Total SA, announced it has suspended selling refined oil products to Iran. The decision by the company was in response to the approval last week by the US Congress to level sanctions against foreign companies that trade with Iran. This is important, according to the latest estimates from the EIA, Iran’s refining capacity is around 1.5 MMbbl/d, but its domestic consumption is closer to 1.7 MMbbl/d.

  • Last Monday’s issue of The Schork Report highlighted telltales that seemed to suggest that the crude oil markets in London and New York were gearing up for an upside breakout.

  • Earlier this week we ushered in the summer solstice, which also means that the “dog days of summer” will soon be upon us. The name originated with the ancient Greeks, Romans, and Egyptians; they believed that Sirius, the dog star, which rises simultaneously with the Sun during this time of the year. In this vein, injections will begin to ebb over the next several reports...