The 2009 refill season is officially over, but the EIA is already warning that injections may continue into this month, writes Stephen Schork.   Read More

Gasoline demand is MIA. Per last week’s release from the Bureau of Economic Analysis, gasoline expenditures in the third quarter were less than commensurate with the increase in retail gasoline prices. Thus, here at The Schork Report, we maintain that the consumer’s appetite for gasoline is becoming increasingly elastic.    Read More

Margins are now moving in a positive direction for refiners. This could translate into greater demand for crude oil once refiners return from maintenance, writes Stephen Schork.   Read More

We are still waiting for that much talked about, yet to be seen, knock-on to production from the cut in rig counts. Precisely, the year-on-year deficit in gas rigs has been greater than 50% since May; yet onshore production is down only 0.5% through August, writes Stephen Schork.   Read More

The tenor of U.S. economic headlines in the month of October was generally bearish, i.e. non V-shaped esque. On the bright side, reports on Industrial Production, Leading Indicators, S&P/CaseShiller Home Price Index, Existing Home Sales and Durable Goods all moved higher, writes Stephen Schork.   Read More

What goes around comes around and the December crude contract came around in a big way yesterday, reversing Wednesday’s 1.6% drop with a $2.41 or 3.1% rise to close at 79.87, writes Stephen Schork.   Read More

Gasoline production is back… at least for one DOE report, writes Stephen Schork.   Read More

Since December, retail gasoline prices have jumped more than a dollar a gallon or 66%, while 4.1 million Americans have lost their jobs. Therefore, we have to ask, why was yesterday’s sharp drop in consumer confidence, purportedly “unexpected”?, writes Stephen Schork.   Read More

Yesterday analysts at The Schork Report examined the DOE’s confidence intervals for the crude contracts for 2010. We found the DOE’s predictions to be low given the market’s sudden bullish sentiment, as evidenced by prices on Friday being at their highest annual levels, writes Stephen Schork.   Read More

It has been less than three weeks since the DOE issued its Short Term Energy Outlook for October, but prices moved further in those three weeks than they have in the past three months. For instance, October was the first month in which the DOE released confidence intervals for the major commodity contracts, writes Stephen Schork.   Read More