Business Outlook 2017

BUSINESS OUTLOOK 2017

Figure 1: Monthly Oil and Gas Prices

140

Dated Brent

NBP Month Ahead

120

100

80

60

40 Nominal Price ($/boe)

20

0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Source: Argus Media, ICIS Heren

Figure 2: Percentage Change in Brent Oil Price on a Half Yearly Basis

40%

30%

$47/bbl

20%

10%

$109/bbl

0%

2014 H1

2014 H2

2015 H1

2015 H2

2016 H1

2016 H2

-10%

Percentage Change

$40/bbl

-20%

$89/bbl

$47/bbl

-30%

$58/bbl

-40%

Source: EIA

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