Josef Schachter – Energy Update, Oil Data After The Run Over $80, Natural Gas Comments and Where The Stocks Are Going

April 19, 2023

Josef Schachter, Founder and Editor of the Schachter Energy Report and the Eye On Energy Report joins us to focus on the oil and natural gas prices.


After the short term breakdown in March for oil, down to $64/barrel, oil rebounded and broke above $80, up to $85.  Josef dives into the oil sector data and compares the OPEC announced cut to the actual production cut. He also shares demand numbers that continue to drop.


On the natural gas front we ask Josef is this sector is more likely to go on a run higher due to the continued depressed price.



Click here to visit the Schachter Energy Report website and learn more about both Reports.


    Apr 19, 2023 19:15 PM

    EIA Expects An Oil Market Surplus Despite OPEC+ Cuts

    By Tsvetana Paraskova – Apr 12, 2023

    “In its Short-Term Energy Outlook, the EIA said that it expects the global oil market to remain in surplus this year and next.”

    “Despite OPEC and Russian production declining, the EIA expects global oil production to increase by 1.5 million bpd in 2023. If the OPEC+ cuts expire, the EIA sees global oil production averaging 103.25 million bpd and consumption averaging 102.72 million bpd in 2024.”

      Apr 20, 2023 20:37 AM

      Excelsior…If you see this note…Is one of the gas company’s Joseph mentioned called Pinecliff?….w the 10/20% dividend?…Hope you see this…glta

    Apr 19, 2023 19:54 PM

    Good interview. Thanks! He looks for strength in late May, but the bottom appears to be in for NatGas, and a somewhat uptrending trading range into summer looks likely.

      Apr 20, 2023 20:41 AM

      I agree BDC…short of nordstrom 3 again…/NG will chop up to new recovery prices in this 3 year low cycle kic off…. w big profit taking along…and why not?…glta

    Apr 20, 2023 20:58 AM

    gartley buy pattern…buy the first retracement in a new bull run…glta

    120 minute chart…..

    you need to buy the pullback…with a stop below the low swing point…why…because that is a valid method…the stop tells you if the pattern failed…the pattern is used to define the stop not whether the bottom is in or not….

      Apr 20, 2023 20:45 AM

      The Gartley Golden Sea! (‘C’)