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 28-Oct-2020

Crude Oil Crude settled higher on Tuesday as companies shut down some U.S. Gulf of Mexico oil production ahead of an approaching storm.. Brent crude futures rose 75 cents to settle at $41.21 a barrel. WTI crude futures rose $ 1.01 to $39.57 per barrel. An estimated 915 KB/D of crude production and 1,500 MMcf/d of natural gas production was shut in, reflecting 49.45% and 55.35% of US Gulf output, respectively, according to the US…

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Oil Price Digest 27-Oct-2020

Crude Oil Oil prices fell more than 3% on Monday, extending last week’s losses as coronavirus cases continued to surge in the United States and Europe, while Libya’s rebound in crude production raised fears of oversupply. Brent crude futures fell $ 1.31 to settle at $40.46 a barrel. WTI crude futures fell $ 1.29 to $38.56 per barrel.  The United States reported its highest number yet of new coronavirus infections in two days through Saturday,…

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Oil Price Digest 26-Oct-2020

Crude Oil Oil fell nearly 2% on Friday, finishing lower for the week in anticipation of a surge in Libyan crude supply. Brent crude futures fell 69 cents to settle at $42.46 a barrel. WTI crude futures rose 61 cents to $40.64 per barrel. For the week, U.S. crude futures lost 2.5% and Brent futures shed 2.7%. Crude prices sank after Libya’s National Oil Corp (NOC) said it lifted force majeure on exports from key…

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Oil Price Digest 23-Oct-2020

Crude Oil Oil prices ticked up on Thursday, boosted by the possibility of an economic stimulus package in the United States. Brent crude futures rose 73 cents to settle at $42.46 a barrel. WTI crude futures rose 61 cents to $40.64 per barrel. Japan’s core consumer prices slipped for the second consecutive month in Sep’20, down 0.3% YoY, a sign that a coronavirus-induced demand downturn is piling deflationary pressure on the world’s third-largest economy already…

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Oil Price Digest 22-Oct-2020

Crude Oil Oil prices settled lower on Wednesday after U.S. inventory figures showed demand weakening for refined products as global COVID-19 cases spiked. Brent crude futures fell $1.43 to settle at $41.73 a barrel. WTI crude futures fell $1.67 to $40.03 per barrel. On Tuesday, Russia’s energy minister said it was too early to discuss the future of global oil production curbs beyond December, less than a week after saying plans to scale back output…

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Oil Price Digest 21-Oct-2020

Crude Oil Oil gained more than 1% on Tuesday on the prospect the United States was nearing a deal on coronavirus relief. Brent crude futures rose 54 cents to settle at $43.16 a barrel. November WTI crude futures rose 63 cents to settle at $41.66 a barrel. The more active December contract settled at $41.70, gaining 64 cents. Libya’s crude and condensate output has more than quadrupled over the past month, averaging just over 500…

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Oil Price Digest 20-Oct-2020

Crude Oil Oil prices continued their slow downward movement on Monday as Covid 19 cases surged unabated. Brent crude futures fell 31 cents to settle at $42.62 a barrel, and WTI crude futures dropped 5 cents to settle at $40.83 a barrel.  Saudi Arabia, the biggest member of the OPEC, said no one should doubt the group’s commitment to providing support. Saudi Arabia’s crude oil exports rose for a second consecutive month to 5.97 MB/D…

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Oil Price Digest 19-Oct-2020

Crude Oil Oil prices edged lower on Friday, dragged down by concerns that a spike in COVID-19 cases in the United States and Europe will continue to drag down demand. Brent crude futures fell 23 cents to settle at $42.93 a barrel, and WTI crude futures dropped 8 cents to settle at $40.88 a barrel.  Brent rose 0.2% for the week, while WTI was on track to gain 0.7%. The OPEC+ group fears a prolonged…

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Oil Price Digest 16-Oct-2020

Crude Oil Oil prices eased on Thursday as new restrictions to stem a surge in COVID-19 infections dimmed the outlook for economic growth and fuel demand. Brent futures fell 16 cents to settle at $43.16 per barrel. WTI futures fell 8 cents to settle at $40.96 per barrel. Earlier in the day, both benchmarks were down more than $1 a barrel. However, large product draws inspired a comeback in prices. US Gulf offshore shut crude…

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Oil Price Digest 15-Oct-2020

Crude Oil Oil prices strengthened on Wednesday, as OPEC and its allies were seen complying with a pact to cut oil supply in September.  Brent futures rose 87 cents to settle at $43.32 per barrel. WTI futures rose 84 cents to settle at $41.04 per barrel. OPEC+ compliance with a pact to cut oil supply in Sep’20 was seen at 102%, two OPEC+ sources told Reuters. OPEC conformity with the oil output reduction in Sep’20…

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Oil Price Digest 14-Oct-2020

Crude Oil Oil prices rebounded on Tuesday, supported by robust economic data from China.  Brent futures rose 73 cents to settle at $42.45 per barrel. WTI futures rose 77 cents to settle at $39.43 per barrel. The IEA said in its World Energy Outlook that in its central scenario a vaccine and therapeutics could mean the global economy rebounds in 2021 and energy demand recovers by 2023. World oil demand will rise by 6.54 MB/D…

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Oil Price Digest 13-Oct-2020

Crude Oil Oil prices settled about 3% lower on Monday as force majeure at Libya’s largest oilfield was lifted and U.S. producers began restoring output after Hurricane Delta. .  Brent futures fell  $ 1.13 to settle at $41.72 per barrel. WTI futures fell $ 1.17 to settle at $39.43 per barrel. Production in Libya is expected to rise to 355 kbpd after force majeure at the Sharara oilfield was lifted on Sunday. Hurricane Delta, which…

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