"Oil Demand Is About To Spike" Says Schork

Watch on YouTube ↗  |  April 11, 2026 at 12:46  |  9:48  |  Bloomberg Markets
Speakers

Summary

Stephen Schork analyzes the oil market's disconnect between physical and futures prices due to war-related infrastructure damage, expecting a volatile summer with rising oil and gasoline prices. He highlights prolonged disruption in natural gas affecting fertilizers and food inflation, emphasizing sustained energy price pressures.

  • Physical crude oil trades at premium to futures due to infrastructure damage.
  • Summer demand spike for oil imminent, supporting high prices.
  • Natural gas market disrupted with 20% LNG capacity sidelined for 3-5 years.
  • Gasoline prices to increase from war premium and seasonal blend shift.
  • Fertilizer costs to rise due to natural gas input costs.
  • Food inflation expected as a knock-on effect from energy costs.
  • US producers hedging in futures but production response lagging demand.
  • Overall energy complex facing sustained price pressures and volatility.
Trade Ideas
Steven Schork President, The Schork Group 0:21
Oil prices to stay high on supply disruption.
Physical crude oil markets are trading at a significant premium to futures due to infrastructure damage from the war, and with summer demand spike approaching, oil prices are likely to remain elevated or increase further.
WTI HIGH
Steven Schork President, The Schork Group 3:21
Natural gas market disrupted for years, prices up.
20% of global LNG capacity has been sidelined due to the war, and it will take 3-5 years to restore, leading to a disrupted natural gas market with higher prices, impacting fertilizers and other derivatives.
UNG HIGH
Steven Schork President, The Schork Group 4:32
Gasoline prices rising from war and summer blend.
Gasoline prices are expected to rise due to a war premium pass-through and the seasonal shift to summer blend, with national average potentially reaching $4.20 to $5.00 per gallon.
UGA HIGH
Steven Schork President, The Schork Group 9:08
Fertilizer costs to rise from natural gas prices.
Fertilizer prices will increase because natural gas is a key input, and the disruption in natural gas markets will drive up costs for fertilizers, contributing to food inflation.
CF MED
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This Bloomberg Markets video, published April 11, 2026, features Steven Schork discussing WTI, UNG, UGA, CF. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Steven Schork  · Tickers: WTI, UNG, UGA, CF