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 18-Sep-2020

Crude Oil Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts. Brent crude rose $ 1.08 to settle at $43.30 a barrel, while WTI crude rose 81 cents to settle at $40.97 per barrel. The panel of major producers, including Saudi Arabia and Russia, did not recommend any changes to their current output reduction…

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Oil Price Digest 17-Sep-2020

Crude Oil Oil prices jumped more than 4% on Wednesday, following a drawdown in U.S. crude and gasoline inventories and as Hurricane Sally forced a swath of U.S. offshore production to shut. Brent crude rose $ 1.69 to settle at $42.22 a barrel, while WTI crude rose $1.88 to settle at $40.16 per barrel. Sally, which made landfall on the U.S. Gulf Coast as a Category 2 hurricane, also boosted oil prices as more than…

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Oil Price Digest 16-Sep-2020

Crude Oil Oil prices rose more than 2% on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecasters predicted a slower-than-expected recovery from the pandemic. Brent crude rose 92 cents to settle at $40.53 a barrel, while WTI crude rose $1.02 to settle at $38.28 per barrel. Futures gained ahead of Hurricane Sally’s expected landfall on the U.S. Gulf Coast. More than a quarter of U.S. offshore…

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Oil Price Digest 14-Sep-2020

Crude Oil Oil prices ended up mixed on Friday as Brent settled below $ 40 for the second time in the week. Brent crude fell 23 cents to settle at $39.83 a barrel, while WTI crude rose 3 cents to settle at $37.33 per barrel. Both Brent and WTI lost about 6% this week as market hopes for a quick recovery started diminishing. Energy producers and communities along the US Gulf Coast organized evacuations of…

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Oil Price Digest 11-Sep-2020

Crude Oil Oil prices slid nearly 2% on Thursday after U.S. data showed a surprise build in crude stockpiles last week. Brent crude fell 73 to settle at $40.06 a barrel, while WTI crude 75 to settle $37.30 per barrel.  Iraq lowered its crude oil output in Aug’20 to 3.578 MB/D, but remained above its 3.404 MB/D quota. This includes 3.122 MB/D of federally controlled output and 456 KB/D from the KRG, which is unwilling to…

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Oil Price Digest 10-Sep-2020

Crude Oil Oil futures on Wednesday clawed back some of the losses they sustained in the previous session, but a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand. Brent crude rose $1.01 to settle at $40.79 a barrel, while WTI crude rose $1.29 to settle $38.05 per barrel. The US EIA on Wednesday cut its 2020 world oil demand growth forecast by 210 KB/D to 8.32 MB/D.…

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Oil Price Digest 09-Sep-2020

Crude Oil Oil futures settled sharply lower on Tuesday, with Brent sinking below $40 a barrel for the first time since June and U.S. crude falling nearly 8% after Saudi Arabia cut its October selling prices and COVID-19 cases rebounded in several countries. Brent crude fell $2.23 to settle at $39.78 a barrel, while WTI crude fell $3.01 to $36.09 per barrel. These are the lowest prices seen for Brent since June. China will impose…

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Oil Price Digest 08-Sep-2020

C,550rude Oil Oil prices fell on Monday after Saudi Arabia made its deepest monthly price cuts to supply for Asia in five months. Brent crude fell 65 cents to settle at $42.01 a barrel, while WTI crude fell 67 cents to $39.10 per barrel after hitting $38.55, its lowest since July 10. Trading was thin due to the Labour Day holiday on Monday in the US. Saudi Aramco lowered its Oct’20 OSPs for crude supplies…

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Oil Price Digest 07-Sep-2020

Crude Oil Oil prices fell more than 3% on Friday and posted their biggest weekly decline since June as fears of a slow economic recovery from the COVID-19 pandemic compounded worries about weak oil demand.. Brent crude fell $1.41 to settle at $42.66 a barrel, while WTI fell $1.60 to $39.77 per barrel.  Brent fell 5.3% from last week, while WTI lost 7.4%. Saudi Aramco lowered its Oct’20 OSPs for crude supplies to Asia and…

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Oil Price Digest 04-Sep-2020

Crude Oil Oil prices settled lower on Thursday, at one point touching their lowest since early August as U.S. unemployment data fed fears of a slow recovery for the economy. Brent crude fell 36 cents to settle at $44.07 a barrel, while WTI 14 cents to $41.37 per barrel.  Both benchmarks had fallen more than 2% earlier in the session. U.S. stock prices sank after Labor Department data showed the number of Americans filing new…

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Oil Price Digest 03-Sep-2020

Crude Oil Oil fell more than 2% on Wednesday, reversing early gains after a report showed gasoline demand fell in the United States in the latest week. Brent crude fell $ 1.15 to settle at $44.43 a barrel, while WTI fell $ 1.25 to $41.51 per barrel.  Other data also fed fears that economic recovery from the coronavirus pandemic was lagging. U.S. private employers hired fewer workers than expected for a second straight month in…

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Oil Price Digest 02-Sep-2020

Crude Oil Oil prices edged higher on Tuesday as better-than-expected U.S. manufacturing activity data spurred hope for a post-pandemic economic recovery. Brent crude rose 30 cents to settle at $45.58 a barrel, while WTI rose 15 cents to $42.76 per barrel.  US Gulf of Mexico offshore oil output on Tuesday was down by 525 KB/D, or 28.4% of the region’s daily production, the US Department of Interior reported, with 71 of the 643 manned platforms…

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