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"Oil Demand Is About To Spike... We're Looking At A Volatile Summer" Says Schork

Bloomberg Markets
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Stephen Schork, co-founder of The Schork Group, warns of an imminent oil demand spike despite recent price drops, citing supply shortages from the Iran War’s disruption of hundreds of millions of barrels. A regional ceasefire has failed to stabilize markets, with analysts predicting a volatile summer as pent-up demand clashes with constrained supply, risking renewed price surges. U.S. inflation pressures persist, with March CPI data showing gas prices climbing due to war-driven supply chain shocks, exacerbating consumer sentiment already at record lows. Oil futures just recorded their steepest weekly decline since June, reflecting market uncertainty as traders weigh geopolitical risks against potential demand recovery. Broader economic strains—including bank concerns over AI risks and labor disputes—add to instability, signaling a turbulent period for energy markets and global inflation.
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Apr 11th, 2026"Oil Demand Is About To Spike... We're Looking At A Volatile Summer" Says SchorkOil prices may have decreased, but with hundreds of millions of barrels having been taken off the market due to the Iran War, true relief is not quite on the horizon yet—even with a ceasefire in the region.

The Schork Group's Co-Founder & Editor Stephen Schork joins Christina Ruffini and Tim Stenovec on Bloomberg This Weekend to discuss. Watch the show LIVE every Saturday and Sunday morning.ExclusiveDuration:3:18Bessent Met Bank Bosses to Discuss AnthropicDuration:2:16Consumer Sentiment Falls to a Record Low on Inflation ConcernsOpinionDuration:4:34This Map Shows the Future of OilDuration:4:41US CPI Surges in March as War Sends Gas Prices HigherDuration:1:42Blackstone Digital Infrastructure Trust Files for IPODuration:2:15Apple Accused of ‘Union Busting’ Over Store ClosureDuration:1:27Why Is Anthropic's Mythos Seen as a Risk for Banks?Duration:4:44Oil Futures Set for Biggest Weekly Loss Since JuneAvailable on:Listen onApple TVListen onRokuListen onSamsung TVListen onFire TVListen onAndroid TVListen onRakuten TVListen onHaystack NewsWatch BTV in your area:Channel Finder

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Source: Bloomberg Markets

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