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Mon 3 Dec 2012, 08:17 GMT

Singapore MGO vs ICE Gas Oil


Analysis of Singapore marine gas oil and ICE Gas Oil prices.

The average price of marine gas oil (MGO) at the port of Singapore decreased at a slower rate than ICE Gas Oil in November, according to Bunker Index price data.

The ICE Gas Oil settlement average fell by $46.61 per tonne, or 4.74 percent, to $937.06 per tonne in the month of November. During the same period, the Singapore MGO average decreased by $26 per tonne, or 2.74 percent, to $922 per tonne.

Please find below tables of monthly ICE Gas Oil settlement averages and Singapore MGO averages between January and November 2012.

Month ICE Gas Oil ($/mt) +/- +/-(%)
Nov 2012 937.06 -46.61 -4.74
Oct 2012 983.67 -2.71 -0.27
Sep 2012 986.38 +19.28 +1.99
Aug 2012 967.10 +76.52 +8.59
Jul 2012 890.58 +50.71 +6.04
Jun 2012 839.87 -93.11 -9.98
May 2012 932.98 -70.17 -6.99
Apr 2012 1003.15 -21.07 -2.06
Mar 2012 1024.22 +24.09 +2.41
Feb 2012 1000.13 +46.46 +4.87
Jan 2012 953.67 +28.28 +3.06


MonthSpore MGO ($/mt)+/-+/- (%)
Nov 2012922 -26.00 -2.74
Oct 2012948 -25.00 -2.57
Sep 2012973 +13.00 +1.35
Aug 2012960 +92.00 +10.60
Jul 2012868 +48.00 +5.85
Jun 2012820 -105.00 -11.35
May 2012925 -63.00 -6.38
Apr 2012988 -20.00 -1.98
Mar 20121008 +24.00 +2.44
Feb 2012984 +29.00 +3.04
Jan 2012955 +35.00 +3.80

MGO   Singapore  Singapore (SG) 
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