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BUSINESS OUTLOOK
2017
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Figure 1: Monthly Oil and Gas Prices
0
20
40
60
80
100
120
140
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Nominal Price ($/boe)
Dated Brent
NBP Month Ahead
Source: Argus Media, ICIS Heren
Figure 2: Percentage Change in Brent Oil Price on a Half Yearly Basis
$109/bbl
$89/bbl
$58/bbl
$47/bbl
$40/bbl
$47/bbl
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
2014 H1
2014 H2
2015 H1
2015 H2
2016 H1
2016 H2
Percentage Change
Source: EIA