LONDON: The price of crude oil will likely come under pressure later this year from rising output at US onshore developments as well as conventional fields, Chief Executive Eldar Saetre told Reuters on Wednesday.
"I think we will most likely be below $70 a barrel," he said when asked about expectations for crude prices in 2018.
North Sea Brent crude currently trades at a spot price of $66.9, down from $70.78 in late January.
| Currency | Rate |
|---|---|
|
USD PKR Interbank Selling
/ Jan 9
|
278.65
|
|
USD PKR Interbank Buying
/ Jan 9
|
278.45
|
|
USD to Japanese Yen
/ Jan 9
|
158.14
|
|
USD to Swiss Franc
/ Jan 9
|
0.91
|
|
Pound Sterling to USD
/ Jan 9
|
1.23
|
|
Euro to USD
/ Jan 9
|
1.03
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Jan 8
|
5,918.25
|
|
Nasdaq
/ Jan 8
|
19,478.88
|
|
FTSE 100
/ Jan 8
|
8,251.03
|
|
Dow Jones
/ Jan 8
|
42,635.20
|
|
Germany DAX 30
/ Jan 8
|
20,329.94
|
|
France CAC40
/ Jan 8
|
7,452.42
|
|
India Sensex
/ Jan 9
|
77,704.13
|
|
Tokyo Nikkei
/ Jan 9
|
39,516.87
|
| Item | Value |
|---|---|
|
Karachi Cotton PKR/37.32 KG
/ Jan 8
|
18,285
|
|
Gold 10 Grams PKR
/ Jan 8
|
237,483
|
|
Petrol/Litre
/ Jan 9
|
252.66
|
|
Crude Oil USD/Barrel
/ Jan 9
|
73.16
|
|
Gold Spot USD/Ounce
/ Jan 9
|
2,659.11
|
|
Diesel/Litre
/ Jan 9
|
258.34
|
| Stock | Price |
|---|---|
|
Orient Rental
/ Jan 9
Orient Rental Mod(ORM)
|
8.68
▲ 0.92
(11.86%)
|
|
Dadex Eternit
/ Jan 9
Dadex Eternit Limited(DADX)
|
64
▲ 5.82
(10.00%)
|
|
D.M. Textile
/ Jan 9
D.M. Textile Mills Limited(DMTX)
|
66.64
▲ 6.06
(10.00%)
|
|
JDW Sugar
/ Jan 9
JDW Sugar Mills Limited(JDWS)
|
995.45
▲ 90.50
(10.00%)
|
|
Prosperity Weav
/ Jan 9
Prosperity Weaving Mills Limited(PRWM)
|
37.40
▲ 3.40
(10.00%)
|
|
Pak. P.V.C.
/ Jan 9
Pakistan PVC Limited(PPVC)
|
11.79
▲ 1.07
(9.98%)
|
|
Pakistan Cables
/ Jan 9
Pakistan Cables Limited(PCAL)
|
217
▲ 18.66
(9.41%)
|
|
Unicap Modaraba
/ Jan 9
Unicap Modaraba(UCAPM)
|
3.13
▲ 0.26
(9.06%)
|
|
Pak Gen.Ins.
/ Jan 9
The Pakistan General Insurance Co. Ltd.(PKGI)
|
8.48
▲ 0.70
(9.00%)
|
| Stock | Price |
|---|---|
|
JS Global Banking
/ Jan 9
JS Global Banking Sector (ETF)(JSGBETF)
|
21.50
▼ -2.47
(-10.30%)
|
|
Ali Asghar
/ Jan 9
Ali Asghar Textile Mills Limited(AATM)
|
70.94
▼ -7.88
(-10.00%)
|
|
Arpak Int.
/ Jan 9
Arpak International Investments Ltd.(ARPAK)
|
76.11
▼ -8.46
(-10.00%)
|
|
Liven Pharma
/ Jan 9
Liven Pharma Limited(LIVEN)
|
160.68
▼ -17.85
(-10.00%)
|
|
Suhail Jute
/ Jan 9
Suhail Jute Mills Limited(SUHJ)
|
140.74
▼ -15.64
(-10.00%)
|
|
Al-Khair Gadoon
/ Jan 9
Al-Khair Gadoon Limited(AKGL)
|
37.31
▼ -4.14
(-9.99%)
|
|
Blue-Ex Ltd
/ Jan 9
Blue-Ex Limited (GEM)(GEMBLUEX)
|
55.85
▼ -6.18
(-9.96%)
|
|
Alfalah ETF.
/ Jan 9
Alfalah Consumer Index ETF.(ACIETF)
|
14.32
▼ -1.57
(-9.88%)
|
|
Dewan Textile
/ Jan 9
Dewan Textile Mills Limited(DWTM)
|
6.91
▼ -0.75
(-9.79%)
|
| Stock | Volume |
|---|---|
|
WorldCall Telecom
/ Jan 9
Worldcall Telecom Limited(WTL)
|
520,199,852
▲ 0.05
|
|
Cnergyico PK
/ Jan 9
Cnergyico PK Limited(CNERGY)
|
41,301,063
▼ -0.20
|
|
Fauji Foods Ltd
/ Jan 9
Fauji Foods Limited(FFL)
|
34,830,810
▼ -0.61
|
|
Sui South Gas
/ Jan 9
Sui Southern Gas Company Limited(SSGC)
|
27,158,451
▼ -0.58
|
|
Pak Refinery
/ Jan 9
Pakistan Refinery Limited(PRL)
|
24,532,091
▼ -0.24
|
|
K-Electric Ltd.
/ Jan 9
K-Electric Limited(KEL)
|
22,641,138
▼ -0.10
|
|
B.O.Punjab
/ Jan 9
The Bank of Punjab(BOP)
|
19,667,050
▲ 0.06
|
|
Pak Elektron
/ Jan 9
Pak Elektron Limited(PAEL)
|
16,675,855
▲ 0.83
|
|
Big Bird Foods
/ Jan 9
Big Bird Foods Limited(BBFL)
|
16,011,857
▼ -2.74
|
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