Trifecta Consultants founder Sukrit Vijayakar shared his views on the likely direction of crude oil prices after Saudi Arabia decided to slash prices and flood the market with crude.

This was aired live on CNBC Awaz on Monday, 09 March, 2020.

⇒  WHAT'S NEW IN TRIFECTA  ⇐

We have now commenced a weekly view of the tanker markets prepared by Darshna, a seasoned Freight market veteran based out of Singapore

 

Learn to Hedge

Hedging is a very sensitive practice which calls for a balance between protecting good profits and ensuring one gets optimum results from the Risk Management Program.

Trifecta can help your organization set up policies on

Selection & Implementation of Trade Capture Systems

A critical aspect of any Trading / Risk Management Program is a good trade capture system which

  • When to hedge
  • How much to hedge
  • How to hedge
  • Set up systems and processes to ensure that the organization follows industry best practices
  • allows for easy capture of trades
  • provides management prompt information about profit and loss, counterparty exposure and exception reporting
  • Is easy to implement and maintain
  • Is economical
  • Trifecta can help your organization select a trade capture system which best meets your needs. Trifecta also has the experience and skills to drive the implementation of the software in an optimal manner

MESSAGE FROM DIRECTOR

Trifecta is a young organization spearheaded by Sukrit Vijayakar, a veteran trader with over 25 years of trading experience in various markets.

Sukrit has set up the front office, middle office and back offices of many trading organizations: giving him marvelous insights into required systems and processes of these ecosystems. His experience covers requirements analysis and scoping, procurement, delivery, integration and implementation of Trade Capturing and Monitoring Software.

He has also trained hundreds of people from different organisations in different aspects trading in general, as well as trading in the oil markets, both physical and derivative.

As a domain expert, he can also help IT organizations liaise better with their clients, by improving their understanding of client needs and therefore significant reduction of software turnarounds.

⇓  Fresh Post ∴ OIL PRICE DIGEST  

Oil Price Digest 27-Nov-2020

Crude Oil Oil prices retraced a bit after many days of consecutive rise as traders took profit over the long Thanksgiving Day weekend in the US. Brents future fell 81 cents to settle at $47.79 a barrel. WTI futures were trading around $45.05 per barrel. Oil slipped from seven-month highs on Thursday as signs of growing supplies helped to halt a rally driven by optimism that COVID-19 vaccines will revive fuel demand.  U.S. President-elect Joe…

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Oil Price Digest 26-Nov-2020

Crude Oil Oil prices climbed nearly 2% to their highest in more than eight months on Wednesday. Brents future rose 75 cents to settle at $48.61 a barrel. WTI January crude futures rose 80 cents to $45.71 per barrel. Brent has moved into backwardation, a sign of increased prospective demand. Brent futures for February delivery traded as much as 14 cents above the January contract, the highest since July, before settling at an 8-cent premium.…

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Oil Price Digest 25-Nov-2020

Crude Oil Oil prices jumped another 4% yesterday in sync with the stock markets as Trump appeared to make way for smooth transition.  Brents future rose $3.66 to settle at $47.86 a barrel. WTI January crude futures rose $2.49 to $44.91 per barrel. The contracts closed at their highest since early March on Tuesday, after a three-day rally pushed prices up around 8%. Eni declared force majeure on exports of Nigerian Brass River crude oil…

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Oil Price Digest 24-Nov-2020

Crude Oil Oil prices settled up more than 2% on Monday, extending last week’s gains as the latest report of encouraging coronavirus vaccine trials had market anticipating a recovery in demand. Brents future rose 76 cents to settle at $44.20 a barrel. WTI January crude futures rose 52 cents to $42.42 per barrel. The contango structure in the market narrowed to as little as 31 U.S. cents, its smallest since mid June. Iraq, OPEC’s second largest oil producer, has nearly reached…

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Oil Price Digest 23-Nov-2020

Crude Oil Oil prices rose about 1% on Friday and posted a third consecutive weekly rise, buoyed by successful COVID-19 vaccine trials. Brents future rose 76 cents to settle at $44.20 a barrel. WTI January crude futures rose 52 cents to $42.42 per barrel. Both benchmarks gained about 5% this week. India plans to nearly double its oil refining capacity in the next five years, earlier than expected. The country’s energy minister was quoted in…

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Oil Price Digest 20-Nov-2020

Crude Oil Oil prices were slightly lower as uncertainty continues to dog the markets. Brents future dipped 14 cents to settle at $44.20 a barrel. WTI crude futures eased 8 cents to $41.74 per barrel. On the positive side, the Brent price contango was at its shallowest in more than four months. This suggests concerns about a glut are easing. But concerns about the demand outlook persist. Japan’s manufacturing decline sped up in Nov’20, with…

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Oil Price Digest 19-Nov-2020

Crude Oil Oil prices firmed by about 1% on Wednesday on hopes OPEC and its allies will delay a planned increase in oil output. Brents future rose 59 cents to settle at $44.34 a barrel. WTI crude futures rose 39 cents to $41.82 per barrel. The OPEC+ group had met on Tuesday to discuss the ongoing situation but made no formal recommendation on adjustments to their agreement on output cuts. Saudi Arabia’s crude oil exports rose for…

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Oil Price Digest 18-Nov-2020

Crude Oil Oil prices edged lower in post-settlement trade on Tuesday after a bigger build than expected in U.S. crude stockpiles. Brents future fell 7 cents to settle at $43.75 a barrel. WTI crude futures rose 9 cents to $41.43 per barrel. During the session, prices were narrowly mixed as the demand fears offset hopes for a vaccine and talk of tighter OPEC+ supply policies. Saudi Arabia called on fellow OPEC+ members on Tuesday to…

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Oil Price Digest 17-Nov-2020

We apologize for the irregularity of publication over the last couple of weeks and promise to resume on a regular basis from today. Crude Oil Oil prices settled up more than 2% on Monday after trading higher earlier in the day as Moderna Inc said its experimental vaccine was 94.5% effective in preventing COVID-19. Brents future rose $1.04 to settle at $43.82 a barrel. WTI crude futures rose $1.21 to $41.34 per barrel. China’s crude…

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Oil Price Digest 16-Nov-2020

We apologize for the irregularity of publication over the last couple of weeks and promise to resume on a regular basis from today. Crude Oil Oil prices fell about 2% on Friday though hopes for a vaccine kept crude futures on track for a second straight weekly gain. Brents future 75 cents to settle at $42.78 a barrel. WTI crude futures fell 99 cents to $40.13 per barrel. For the week, both contracts notched gains…

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Oil Price Digest 09-Nov-2020

Crude Oil Oil settled below $40 a barrel on Friday as rising global coronavirus cases stoked fears about lackluster demand. Brents future dropped $1.48 to settle at $39.45 a barrel. WTI crude futures fell $1.65 to $37.14 per barrel. Both contracts gained on the week with Brent up 5.8%, and U.S. crude rising 4.3%. Libya is producing more than 1 MB/D of oil, an increase of almost 500 KB/D in just over two weeks, after its two rival-warring…

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Oil Price Digest 03-Nov-2020

Crude Oil Oil prices gained nearly 3% on Monday, rebounding from several day of losses built on concerns of rising coronavirus cases, one day before the end of U.S. presidential election voting. Brents future gained $1.03 19 cents to settle at $38.97 a barrel. WTI crude futures rose $1.02 to $36.81 per barrel. Both contracts fell more than $2 earlier in the session, but rebounded with strong factory data in Asia and the United States.…

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