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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
/ Jul 21
|
278.12
|
|
USD PKR Interbank Buying
/ Jul 21
|
277.92
|
|
USD to Japanese Yen
/ Jul 21
|
163.14
|
|
USD to Swiss Franc
/ Jul 21
|
0.81
|
|
Pound Sterling to USD
/ Jul 21
|
1.34
|
|
Euro to USD
/ Jul 21
|
1.14
|
|
SOFR %
/ Jul 21
|
3.59
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Jul 21
|
7,509.20
|
|
India Sensex
/ Jul 21
|
77,470.11
|
|
Nasdaq
/ Jul 21
|
25,837.21
|
|
FTSE 100
/ Jul 21
|
10,585.91
|
|
Dow Jones
/ Jul 21
|
52,224.64
|
|
Germany DAX 30
/ Jul 21
|
25,011.35
|
|
France CAC40
/ Jul 21
|
8,363.14
|
|
Tokyo Nikkei
/ Jul 22
|
67,511.12
|
|
Hang Seng
/ Jul 22
|
24,903.04
|
| Item | Value |
|---|---|
|
Crude Oil USD/Barrel
/ Jul 21
|
85.03
|
|
Karachi Cotton PKR/37.32 KG
/ Jul 21
|
18,880
|
|
Gold 10 Grams PKR
/ Jul 21
|
368,000
|
|
Gold Spot USD/Ounce
/ Jul 21
|
4,114.26
|
|
Cotton US¢/pound
/ Jul 21
|
80.06
|
|
Petrol/Litre
/ Jul 22
|
320.73
|
|
Diesel/Litre
/ Jul 22
|
367.21
|
| Stock | Price |
|---|---|
|
Trust Sec.& Brok.
/ Jul 21
Trust Securities & Brokerage Limited(TSBL)
|
2.39
▲ 0.24
(11.16%)
|
|
Invest Capital Invest Bank
/ Jul 21
Invest Capital Investment Bank Limited(ICIBL)
|
21.75
▲ 1.98
(10.02%)
|
|
First IBL Mod.
/ Jul 21
First IBL Modaraba(FIBLM)
|
15.27
▲ 1.39
(10.01%)
|
|
Gammon Pak
/ Jul 21
Gammon Pakistan Limited(GAMON)
|
21.98
▲ 2
(10.01%)
|
|
Ahmad Hassan
/ Jul 21
Ahmad Hassan Textile Mills Limited(AHTM)
|
110.23
▲ 10.02
(10%)
|
|
Asia Ins.
/ Jul 21
Asia Insurance Company Limited(ASIC)
|
41.69
▲ 3.79
(10%)
|
|
Dewan Farooque Sp.
/ Jul 21
Dewan Farooque Spinning Mills Limited(DFSM)
|
18.15
▲ 1.65
(10%)
|
|
Husein Industries
/ Jul 21
Husein Industries Limited(HUSI)
|
60.50
▲ 5.5
(10%)
|
|
Leather Up Ltd.
/ Jul 21
Leather Up Limited(LEUL)
|
50.58
▲ 4.6
(10%)
|
|
National Silk
/ Jul 21
The National Silk & Rayon Mills Limited(NSRM)
|
329.37
▲ 29.94
(10%)
|
| Stock | Price |
|---|---|
|
Khairpur Sug.
/ Jul 21
Khairpur Sugar Mills Limited(KPUS)
|
1,515.89
▼ -168.43
(-10%)
|
|
Service Textile
/ Jul 21
Service Industries Textiles Limited(SERT)
|
50.44
▼ -5.6
(-9.99%)
|
|
United Insurance
/ Jul 21
The United Insurance Company(UNIC)
|
12.73
▼ -1.36
(-9.65%)
|
|
S.G.Power
/ Jul 21
S.G. Power Limited(SGPL)
|
79.50
▼ -8.33
(-9.48%)
|
|
Baba Farid Sugar
/ Jul 21
Baba Farid Sugar Mills Limited(BAFS)
|
419.31
▼ -41.11
(-8.93%)
|
|
Popular Islamic
/ Jul 21
Popular Islamic Modaraba(PIM)
|
23.03
▼ -2.08
(-8.28%)
|
|
Shahtaj Sugar
/ Jul 21
Shahtaj Sugar Mills Limited(SHJS)
|
153.45
▼ -12.76
(-7.68%)
|
|
Azgard Nine (Non-Voti)
/ Jul 21
Azgard Nine (Non-Voti)(ANLNV)
|
7.71
▼ -0.61
(-7.33%)
|
|
Maqbool Textile
/ Jul 21
Maqbool Textile Mills Limited(MQTM)
|
31.09
▼ -2.34
(-7%)
|
|
Frontier Ceramics
/ Jul 21
Frontier Ceramics Limited(FRCL)
|
98.46
▼ -7.33
(-6.93%)
|
| Stock | Volume |
|---|---|
|
Cnergyico PK
/ Jul 21
Cnergyico PK Limited(CNERGY)
|
263,629,006
▼ -0.65
|
|
Trust Sec.& Brok.
/ Jul 21
Trust Securities & Brokerage Limited(TSBL)
|
111,319,585
▲ 0.24
|
|
TPL Properties
/ Jul 21
TPL Properties Limited(TPLP)
|
73,873,807
▲ 0.76
|
|
Pak Refinery
/ Jul 21
Pakistan Refinery Limited(PRL)
|
58,564,884
▲ 0.14
|
|
F. Nat.Equities
/ Jul 21
First National Equities Limited(FNEL)
|
26,326,813
▲ 0.01
|
|
TPL Corp Ltd
/ Jul 21
TPL Corp Limited(TPL)
|
24,401,935
▲ 1.07
|
|
WorldCall Telecom
/ Jul 21
Worldcall Telecom Limited(WTL)
|
22,595,773
▲ 0.03
|
|
B.O.Punjab
/ Jul 21
The Bank of Punjab(BOP)
|
20,138,916
▲ 0.34
|
|
K-Electric Ltd.
/ Jul 21
K-Electric Limited(KEL)
|
16,342,373
▲ 0.12
|
|
Maple Leaf Cement
/ Jul 21
Maple Leaf Cement Factory Limited(MLCF)
|
13,714,389
▼ -2
|
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