Oil Prices

Increasing in crude prices ____________________________________________________ Instructor Dr. Abdul Waheed Mohammad Farooq MBA Weekend (5130) job Economics INDEX S.No Content 01 02 03 04 05 06 07 08 11 12 13 Introduction creative activity rock oil reservesi World embrocate intersection Demand Supply Historical Oil prices Factors alter Supply, Demand And Oil Prices How prices are determine step to interpret prices Conclusion Bibliography Page # 03 04 06 07 08 10 10 11 2 Introduction The crude oil industry is commonly considered to symbolise upstream and downstream sectors. upriver involves exploration, development, and performance of oil and gas. During exploration, swell are drilled in search of an undiscovered puss of oil or gas. in the buff oil and fossil oil products are widely traded and effectively assimilate a whiz price after allowing for transportation cost and quality differences. genius characteristic of oil that is much talked well-nigh is its price volatility. Oil in Pakistan Pakistan has oil reserves of nearly 358 jillion barrels as on June 2010. The major deduct of produced oil comes from the reserves fit(p) in the southern one-half of the country, where the three largest oil producing handle are located In addition, some producing fields are located in the affection and upper Indus.

Since the late 1980s, Pakistan has not 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 horizon for Pakistan to reach self suffici ency in oil, the government has back up pri! vate (including foreign) firms to develop domestic production capacity 3 World Oil reserves At end 1990 gram 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 copious essay, tell it on our website: OrderCustomPaper.com

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