Stephen Schork


The Schork Group

  • Founder and Editor of the Schork Report
  • 25 Years Experience
  • Frequent Contributor to Major Print and Television Media

About Stephen

Stephen Schork is a highly acclaimed speaker and is widely recognized for his ability to integrate a vast array of information into a dynamic and succinct market view. Through a multi-disciplinary approach to trading and idea generation, he blends these distinct disciplines to present a unique approach to market intelligence, with a focus on providing specific price range forecasts and objective market analysis. Formerly a proprietary floor trader (local) in the New York Mercantile Exchange's energy complex, Mr. Schork has 25+ years' experience in physical commodity and derivatives trading, risk systems modeling, and structured commodity finance. In 2005, he launched The Schork Group, an advisory/publishing firm that provides independent analysis of supply and demand economics, with special emphasis on the impact of geopolitical events on price volatility. Using proprietary probabilistic modeling and volatility calculations, each of The Schork Group's reports details market sentiment and illustrates recommended trading and hedging strategies.

Stephen's Videos

Why do traders place so much emphasis on forecasts and why does the market react when these estimations miss the mark?

For example, for crude oil to have value it must be refined into individual petroleum products such as gasoline, diesel, jet fuel, and liquified petroleum gas. Therefore, crude oil's worth is correlative to the economics of each of its underlying derivatives, approximately sixteen in all. Speculative estimates of weekly inflows and outflows of crude oil and its numerous byproducts is specious, i.e., seemingly plausible, but actually deficient.

The reason for this is that there are numerous factors that affect price volatility. For example, crude oil derivatives are spread across five distinct regional markets, each of which has discrete dynamics. Further muddling any forecasts, seasonal volatility and many other supply and demand fluctuations need to be taken into account.

This session will show the savvy trader how to cut through the noise of readily available market data, extract what is instrumental, and leverage this output to develop robust trading strategies.

The global energy markets are under attack from all sides. The price of oil has moved lower by 50% since the start of the COVID-19 crisis. It's estimated the demand destruction from the pandemic could end somewhere between 20-30 million barrels per day removed from the market. At the same time, the Saudis and Russians are locked into a price war, determined to flood the global markets with oil.

Are we producing too much crude oil? Stephen Schork thinks so, and the associated gas that comes with it.
Why the best investments in the energy sector are in the infrastructure space.

Newsletter Contributions

The Schork Report

The Schork Report is a subscription service providing comprehensive technical and fundamental daily views of the energy cash and derivatives markets. TSR is geared towards professionals in the global energy arena looking to improve economic performance while managing risk.

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