Oil Prices

Increasing in crude prices ____________________________________________________ Instructor Dr. Abdul Waheed Mohammad Farooq MBA Weekend (5130) business sector Economics INDEX S.No Content 01 02 03 04 05 06 07 08 11 12 13 Introduction creative activity cover reservesi World anoint intersection Demand Supply Historical Oil prices Factors bear on Supply, Demand And Oil Prices How prices atomic number 18 determine step to ascendancy prices Conclusion Bibliography Page # 03 04 06 07 08 10 10 11 2 Introduction The crude oil industry is commonly considered to even off upstream and downstream sectors. upriver involves exploration, development, and performance of oil and gas. During exploration, rise are drilled in search of an undiscovered kitty of oil or gas. in the buff oil and petroleum products are widely traded and effectively assimilate a single(a) price after allowing for transportation cost and quality differences. single characteris tic of oil that is much talked well-nigh is its price volatility. Oil in Pakistan Pakistan has oil reserves of or so 358 jillion barrels as on June 2010. The major deduct of produced oil comes from the reserves fixed in the southern one-half of the country, where the three largest oil producing field are located In addition, some producing fields are located in the affection and upper Indus. Since the late 1980s, Pakistan has non experienced many impertinently oil fields. As a result oil production has remained fairly flat, at around 60,000 barrels per day. While in that location is no chance for Pakistan to reach self sufficiency in oil, the government has advance private (including foreign) firms to develop domestic production capacity 3 World Oil reserves At end 1990 yard million barrels 33.8 11.2 51.3 96.3 1.6 4.5 2.0 1.4 0.8 0.6 60.1 0.6 71.5 n/a 0.6 0.8 n/a 8.6 1.5 n/a n/a 4.0 n/a 65.3 80.8 92.9 100.0 97.0 4.4 3.0 260.3 1.9 98.1 2.0 0.1 659.6 9.2 1.6 0.8 3. 5 0.9 22.8 17.1 0.3 1.7 0.9 58.7 3.2 1.1 16! .0 5.6 5.4 3.6 0.3 0.2 1.0 36.3 1003.2 At end 2000 Thousand...If you want to get a large essay, tell it on our website: OrderCustomPaper.com

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