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 hovered below five-month highs on Thursday, falling after a session in which bearish sentiment about fuel demand counteracted optimism about Iraq’s supply cuts, pushing the benchmarks in and out of positive territory. Brent crude settled down 8 cents at $45.09 a barrel, while WTI fell 24 cents to $41.95 after a four-day streak of gains. The dollar index logged its biggest monthly percentage fall in a decade in July. The index…Read More
Crude Oil Oil prices rose to their highest since early March on Wednesday after U.S. crude inventories fell sharply and the dollar weakened. Brent crude settled 74 cents higher at $45.17 per barrel, while WTI rose 49 cents to $42.19 a barrel. Rising prices come against the backdrop of a surge in coronavirus cases which could threaten a recovery in fuel demand. Global coronavirus deaths surpassed 700,000 on Wednesday, with the United States, Brazil, India…Read More
Crude Oil Brent oil futures on Tuesday closed at their highest since early March on hopes the United States is making progress on a new economic stimulus package. Brent crude settled 28 cents higher at $44.43 per barrel, while WTI rose 69 cents to $41.71 a barrel. US shale oil producer Continental Resources on Tuesday said it plans to resume most curtailed production, adding prices need to rise further for a significant rebound in overall…Read More
Crude Oil Oil prices were up more than 1% on Monday. Brent crude settled 65 cents higher at $44.15 per barrel, while WTI rose 74 cents to $41.01 a barrel. Oil prices were up more than 1% on Monday on positive economic data from the US, Europe and Asia, but investors remained concerned about rising COVID-19 cases globally and oversupply as OPEC begins to lift supply cuts. Venezuela’s overall oil production rebounded to an average…Read More
Crude Oil Oil prices recovered a bit on Friday after dropping on Thursday due to the drop in US GDP. Brent crude settled 37 cents higher at $43.31 per barrel, while WTI rose 35 cents to $40.27 a barrel. OPEC oil output has risen by 970 KB/D MoM in Jul’20 to total 23.32 MB/D as Saudi Arabia and other Gulf members ended their voluntary extra supply curbs on top of an OPEC-led deal, and other…Read More
Crude Oil Oil prices rose on Wednesday after a steep drop in U.S. crude inventories. Brent crude settled 53 cents higher at $43.75 per barrel, while WTI rose 23 cents to $41.27 a barrel. The surge in US coronavirus cases is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, as all FOMC members voted to leave the target range for short-term rates at 0% – 0.25%. The Trump…Read More
Crude Oil Oil prices retraced marginally on Tuesday. Brent crude settled 19 cents lower at $43.22 per barrel, while WTI fell 56 cents to $41.04 a barrel. Brent is still on track for a fourth monthly rise, and U.S. crude is expected to gain for a third month. This month, however, Brent crude has fallen deeper into contango, a sign of diminishing demand. October prices were as much as 53 cents per barrel above September…Read More
Crude Oil Oil prices continued their stilted rise on Monday with little other changes in ground conditions. Brent crude settled 7 cents higher at $43.41 per barrel, while WTI rose 31 cents to $41.60 a barrel. A weak U.S. dollar, which makes dollar-denominated commodities cheaper for holders of other currencies, also helped boost oil futures. The U.S. dollar index reached its lowest level since June 2018, hurt by domestic economic concerns and deteriorating U.S.-China relations.…Read More
Crude Oil Oil prices rose slightly on Friday as tensions between the United States and China limited gains. Brent crude settled 3 cents higher at $43.34 per barrel, while WTI rose 22 cents to $41.29 a barrel. U.S. business activity increased to a six-month high in July. U.S. companies, however, reported a drop in new orders as new COVID-19 cases spiked. India’s oil imports fell 28.5% YoY in Jun’20 to 3.2 MB/D, the lowest since…Read More
Crude Oil Oil prices fell 2% on Thursday on weak US jobless numbers and the continuing surge in coronavirus cases. Brent crude settled 98 cents lower at $43.31 per barrel, while WTI fell 83 cents to $41.07 a barrel. The price decline came despite the benefit of a drop in the dollar to a near 22-month low. The number of Americans filing for unemployment benefits unexpectedly rose last week for the first time in nearly…Read More
Crude Oil Oil prices were virtually unchanged notwithstanding escalating tensions between the US and China and a large crude stock build in the US. Brent crude 3 cents lower at $44.29 per barrel, while WTI fell 6 cents to $41.90 a barrel. The US gave China 72 hours to close its consulate in Houston amid accusations of spying, marking a dramatic deterioration in relations between the world’s two biggest economies. Adding to pressure were signs…Read More
Crude Oil Oil prices hit their highest level in more than four months on Tuesday with a boost from a European Union stimulus deal. Brent crude settled up $1.04 at $44.32 per barrel, while WTI rose $1.15 to $41.96 a barrel. Oil was buoyed by an agreement among European Union leaders on a 750 billion-euro ($859 billion) fund to prop up coronavirus-hit economies. The EU deal allows the European Commission to raise billions of euros…Read More