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 ↵
Crude Oil Oil prices rose slightly on Tuesday.. Brent crude futures settled at $42.90 a barrel, up 18 cents. U.S. West Texas Intermediate settled up 19 cents at $40.29 a barrel. Global oil demand will soar by a record 7 MB/D in 2021 as the global economy recovers from the coronavirus crisis but will remain below 2019 levels, OPEC said in its monthly report. The US President on Tuesday ordered an end to Hong Kong’s…Read More
Crude Oil Oil prices slipped about 1% on Monday after global coronavirus cases rose by a record daily amount and on growing U.S. and European tension with China. Brent crude futures settled at $42.72 a barrel, down 52 cents. U.S. West Texas Intermediate settled down 45 cents at $40.10 a barrel. The market also remained on edge due to growing U.S. and European disputes with China. The European Union said it is preparing counter-measures on…Read More
Crude Oil Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast. Brent crude futures settled at $43.24 a barrel, up 89 cents. U.S. West Texas Intermediate settled up 93 cents at $40.55 a barrel. U.S. crude was little changed on the week while Brent notched a weekly gain of about 1%. The Paris-based IEA raised its demand forecast to 92.1 million barrels per day…Read More
Crude Oil Oil prices settled higher on Wednesday even as crude and distillate stocks surged in the US. Brent crude futures settled at $43.29 a barrel, up 21 cents in the session. U.S. West Texas Intermediate settled up 28 cents at $40.90 a barrel. Both benchmarks have been moving in a band of less than 1% in either direction for the last four days. OPEC member Libya was adding to global supplies by reopening its…Read More
Crude Oil Oil prices settled little changed on Tuesday as demand concerns due to a new surge in coronavirus cases overshadowed U.S. government forecasts for lower production. Brent crude futures settled at $43.08 a barrel, down 2 cents in the session. U.S. West Texas Intermediate settled down 1 cent at $40.62 a barrel. Early in the session, the market popped because of the higher forecast demand, and more bullish jobs data. But the market gave…Read More
Crude Oil Oil futures ended largely steady on Monday as positive economic data supported prices. Brent crude rose 30 cents to settle at $43.10 a barrel. U.S. crude fell 2 cents to settle at $40.63 a barrel. U.S. services industry activity rebounded sharply in June, almost returning to its pre-COVID-19 pandemic levels. German data, however, showed that the recovery from COVID-19 will be slow and painful. Saudi Arabia’s state oil producer Aramco has increased official…Read More
Crude Oil Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall. Brent crude fell 38 centsto settle at $42.76 a barrel. U.S. crude fell 44 cents to settle at $40.21 a barrel. Brent marked a weekly gain of 4% even as the US was on a holiday. The rise in cases suggested U.S. jobs growth, which jumped in June, could suffer a…Read More
Crude Oil Oil futures gained more than 2% on Thursday, supported by a drop in U.S. unemployment. Brent crude rose $ 1.11 to settle at $43.14 a barrel. U.S. crude rose 83 cents to settle at $40.65 a barrel. U.S. non-farm payrolls increased by 4.8 million in June, beating expectations, even as permanent job losses rose. US energy firms cut 3 oil rigs in the week to 2 Jul’20 to total 185 (-603 YoY), the…Read More
Crude Oil Oil prices rose more than 1% on Wednesday following a drawdown in U.S. crude inventories from record highs and a string of positive manufacturing data, but a surge in coronavirus cases tempered gains. Brent crude rose 76 cents to settle at $42.03 a barrel. U.S. crude rose 55 cents to settle at $39.82 a barrel. Improving global economic activity supported prices as well. U.S. manufacturing activity rebounded in June, hitting its highest level…Read More
Crude Oil Oil prices slipped on Tuesday as investors worried that rising COVID-19 cases would hurt demand while supply could rise with a potential resurgence of Libyan oil production. Brent crude eased 56 cents to settle at $41.15 a barrel. U.S. crude fell 43 cents to settle at $39.27 a barrel. Libya is trying to resume exports, which have been almost entirely blocked since January due to civil war. The state’s oil company hopes talks…Read More
Crude Oil Oil prices rose on Monday on the back of positive economic news from the Euro zone. Brent crude gained 69 cents to settle at $41.71 a barrel. U.S. crude rose $1.21 to settle at $39.70 a barrel. The recovery of economic sentiment in the euro zone intensified in June with improvements across all sectors, European Commission data showed on Monday. Overall sentiment rose to 75.7 points in June from 67.5 in May. However,…Read More
Crude Oil Oil prices settled lower on Friday as new coronavirus cases spiked in the United States and China. Brent crude settled at $40.91 a barrel, down 3 cents. WTI crude futures settled at $38.49 a barrel, down 23 cents. Earlier gains, supported by optimism over rising road traffic boosting fuel demand, were erased in U.S. trading on fears that spiking COVID-19 infections in large gasoline-consuming U.S. states could stall the demand recovery. Profits at…Read More