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 added several new charts and analytics which will illuminate what is happening in the Energy Markets at a single glance
Global Gasoline Charts offer you a single view of light distillate stocks across the globe
Global Gasoil Charts offer you a single view of middle distillate stocks across the globe
Eurasian Fuel Oil Charts offer you a single view of fuel oil stocks in Europe and Asia
US DOE Data provides you with Analytics on stocks in the US
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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
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- Is easy to implement and maintain
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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 futures strengthened late in the session on Wednesday, buoyed by hopes that OPEC and its allies will strike a production cut agreement on Thursday. Brent crude futures rose 97 cents to settle at $ 32.84 /bbl. WTI futures rose $1.46 to $25.09 a barrel. Brent turned negative briefly, after U.S. government data showed crude inventories last week soared by a record 15.2 million barrels, even as production was cut by 600 kbpd…Read More
Crude Oil Oil slumped on Tuesday as investors also grew cautious over expectations that the world’s biggest producers would quickly agree on output cuts.. Brent crude futures fell $ 1.18 to settle at $ 31.87 /bbl. WTI futures fell $2.45 to $23.63 a barrel. U.S. President Donald Trump on Monday said OPEC had not asked him to push domestic oil producers to cut production to buttress prices. He also said U.S. output was already declining…Read More
Crude Oil Oil prices slumped on Monday after Saudi Arabia and Russia delayed a meeting of oil producers aimed at resolving growing worldwide oversupply.. Brent crude futures fell $ 1.06 to settle at $ 33.05 /bbl. WTI futures rose $2.26 to $26.08 a barrel. The OPEC+ group is working on a deal to cut production by about 10% of world supply, or 10 mbpd, but members states want that to be a global effort, one…Read More
Crude prices rebounded on Thursday with President Trump making an announcement about a possible agreement between Saudi and US. Trifecta’s Sukrit Vijayakar gives his views on why the time to be short crude may be over.Read More
Crude Oil Crude futures surged for a second day on Fridaydue to hopes that a global deal to cut crude supply worldwide will emerge early next week. Brent crude futures rose $ 4.17 to settle at $ 34.11 /bbl. WTI futures rose $3.02 to $28.34 a barrel. Both U.S. and Brent contracts posted their largest weekly percentage gains on record. Brent ended the week 36.8% higher, the largest weekly percentage gain in the contract’s history.…Read More
Crude Oil Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut. Brent crude futures fell $ 5.20 to settle at $ 29.90 /bbl. WTI futures rose $5.01 to $25.32 a barrel. President Trump said he had spoken to Saudi Crown Prince Mohammed bin Salman, and expects Saudi Arabia and Russia to cut oil output by…Read More
Crude Oil Oil prices fell on Wednesday after U.S. crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop ever due to the coronavirus pandemic. Brent crude futures fell $ 1.61 to settle at $ 24.31 /bbl. WTI futures fell 17 cents to $20.31 a barrel. Russian President Vladimir Putin called on Wednesday for global oil producers and consumers to address “challenging” oil markets while U.S. President…Read More
Crude Oil Brent crude plunged to its cheapest level in almost 18 years on Monday and U.S. crude briefly tumbled below $20 a barrel as investors faced the growing prospect that the global coronavirus shutdown could last for months. Brent crude futures fell just 2 cents to settle at $22.74 a barrel ahead of expiry. The more active June contract too fell just 7 cents to settle at $ 26.35 /bbl. WTI futures rose 39…Read More
Crude Oil Brent crude plunged to its cheapest level in almost 18 years on Monday and U.S. crude briefly tumbled below $20 a barrel as investors faced the growing prospect that the global coronavirus shutdown could last for months. Brent crude futures fell $2.17 to settle at $22.76 a barrel, the lowest close since November 2002. WTI futures fell $1.42 to to $20.09 a barrel, the lowest close since February 2002. Declining demand and swiftly…Read More
Crude Oil Oil prices plunged 5% on Friday as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world. Brent crude futures fell $1.41 to settle at $24.93 a barrel. WTI futures fell $1.09 to $21.51 a barrel. Both contracts posted a fifth straight weekly loss with Brent falling 8% and WTI more than 3%. Both contracts are down nearly two thirds this year. The Group of 20 major economies on…Read More
Crude Oil Oil prices dropped more than $1 a barrel on Thursday as a growing number of virus-related restrictions on travel slashed global fuel demand. Brent crude futures fell $1.05 to settle at $26.34 a barrel. WTI futures fell $1,89 to $22.60 a barrel. The head of the IEA said worldwide oil demand could drop as much as 20 million barrels per day, or 20% of total demand, as 3 billion people are currently under…Read More
Crude Oil U.S. crude prices settled higher on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package. Brent crude futures rose 24 cents to settle at $27.39 a barrel. WTI futures rose 48 cents to $24.49 a barrel. China is buying a record 1.6 million MT of Russian oil for loading at sea over the next four weeks, taking advantage of rock bottom prices for Russia’s flagship Urals grade combined with…Read More