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 25-Jan-21

Crude Oil Crude oil prices fell on Friday as markets continued to be sceptical of market recovery. There also may have been an element of profit taking for the week. Brent futures settled 69 cents lower at $55.41 a barrel. WTIs future settled at $52.27 per barrel, down 86 cents. For the week, Brent actually gained 31 cents or 0.6% while WTI lost 0.2%. The DOE data on Friday reported a build of 4.35 million…

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Oil Price Digest 22-Jan-21

Crude Oil Crude oil prices were uncertain as eyes returned to ground realities on Thursday. Brent futures settled 2 cents higher at $56.10 a barrel. The March WTI future settled at $53.06 per barrel, down cents. The outbreak of fresh Covid cases in China, as also the resistance to the stimulus package in the US and speed of adoption of the vaccine is making people look at these price levels with fresh scepticism. We believe…

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Oil Price Digest 21-Jan-21

Crude Oil Crude oil prices rose marginally on Wednesday, shrugging off dismal demand forecasts from the US. Brent futures settled 18 cents higher at $56.08 a barrel. The March WTI future settled at $53.24 per barrel, up 26 cents. Oil prices have responded positively to yesterday’s statements by US Treasury Secretary-designate Yellen and to the ensuing USD weakness, gaining by around 2%. Its overall figure for 2021 oil demand is now 96.64 million b/d, down from…

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Oil Price Digest 20-Jan-21

Crude Oil Crude oil prices rose on Tuesday, with renewed hope for U.S. demand under the influence of loose fiscal and monetary policy keeping prices well supported. Brent futures settled $1.15 higher at $55.90 a barrel. The expiring Feb WTI future did settled 62 cents higher at $ 52.98 per barrel. The more active March WTI future also settled at $52.98 per barrel. However, the rise was relatively lower at 56 cents.  The International Energy…

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Oil Price Digest 19-Jan-21

Crude Oil Oil Prices continued to stay weak on a day of thin trading with the US being closed for the Martin Luther King Jr. holiday. Brent futures settled 35 cents lower at $54.75 a barrel. WTI futures did not record a settle. A weaker US Dollar also helped support prices. China reported a 3% increase in refinery through put in 2020. Annual throughput stood at 674.41 million tonnes in 2020, or about 13.45 million…

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Oil Price Digest 18-Jan-21

Crude Oil We resume our coverage of the oil markets after a two week hiatus due to some exigencies. Oil Prices tumbled on Friday after some extremely weak economic data out of the US rekindled fears about rebound of growth. Brent futures settled $1.32 lower at $55.10 a barrel, while WTI futures fell $1.21 to settle at $52.36/bbl. For the week Brent lost 1.6%. WTI, however, recorded a gain of 0.5% Exacerbating the shock due…

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Oil Price Digest 05-Jan-21

Crude Oil Oil prices slipped from multi-month highs to end more than 1% lower on the first trading day of the year after OPEC+ failed to decide on Monday whether to increase output in February. Brent futures settled 71 cents lower at $51.09 a barrel, while WTI futures fell 90 cents to settle at $47.62.  Earlier in the session, WTI hit its highest since February and Brent its highest since March. The premium of Brent…

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Oil Price Digest 04-Jan-21

Crude Oil Global crude prices edged higher on Thursday but lost more than a fifth of their value in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and sent oil markets reeling. On the last trading day of 2020, Brent rose 17 cents to settle at $51.80 a barrel. U.S. West Texas Intermediate rose 12 cents to settle at $48.52 a barrel. Brent fell 21.5% for the year, with WTI falling 20.5%. Prices for 2020 bottomed in April as fuel demand collapsed due to…

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Oil Price Digest 29-Dec-2020

Crude Oil Oil prices fell on Monday as concerns about weakening fuel demand and the prospect of higher OPEC+ output outweighed optimism over a U.S. stimulus package. Brent crude settled at $50.86 a barrel, falling 43 cents after trading as high as $52.02 earlier in the session. WTI futures fell 61 cents to $ 47.62 per barrel. A Jan. 4 meeting of the OPEC+ group also looms over the market. The group is tapering record…

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Oil Price Digest 28-Dec-2020

Crude Oil Oil prices inched higher on Thursday, helped by late-day buying in a low-volume session to close out the week. Brent crude futures for February  settled  9 cents higher at $51.29 a barrel, while WTI futures rose 11 cents to $ 48.23 per barrel. The market built gains overnight as Britain and the European Union reached a post-Brexit trade deal, reversed those gains, and then rebounded during the U.S. session to end modestly higher.…

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Oil Price Digest 24-Dec-2020

Crude Oil Oil prices rose more than 2% on Wednesday, boosted by draws in U.S. inventories of crude, gasoline and distillates. Brent crude futures for February  settled  $1.12 higher at $51.20 a barrel, while WTI futures rose $1.10 to $ 48.35 per barrel. The number of Americans filing first-time claims for unemployment benefits unexpectedly fell last week improving investor sentiment. A falling U.S. dollar also supported prices. Malaysia’s Petronas has declared force majeure on its…

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Oil Price Digest 23-Dec-2020

Crude Oil Oil dropped towards $50 a barrel on Tuesday as the impact of the new virus strain continued to worry investors. Brent crude futures for February  settled  83 cents lower at $50.08 a barrel, while WTI futures fell 72 cents to $ 47.25 per barrel. Apart from the impact of the new virus strain, we had already pointed out that crude prices had reached pre Covid levels without demand being anywhere close to the…

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