Business Outlook 2020 - Activity and Supply Chain

BUSINESS OUTLOOK 2020: Activity and Supply Chain

Market Development

Brent Oil Price and FTSE 100 Development, 2020

80

9000

8000

70

Brent Oil Price (LHS) FTSE 100 Index (RHS)

7000

60

14th March US extends travel restrictions for UK

6000

50

5000

23rd March UK enters lockdown

40

4000

23rd January Wuhan is the first Chinese province to enter lockdown

30

Brent Price ($/bbl)

3000

FTSE 100 Index (Points)

31st January Covid-19 declared global health emergency

20

2000

9th March Russia’s refusal to agree to OPEC+ deal saw oil price fall 27%

13th April Prices stagnate following historic OPEC+ deal, due to remaining fears of oversupply

2nd April US Administration tweets potential OPEC+ deal

10

1000

0

0

January

February

March

April

Source: EIA, Yahoo Finance, OGUK

5