Wed 3 Apr 2013, 11:38 GMT

Brent vs BIX price comparison


Analysis of Brent crude vs the BIX global bunker price.



The average global bunker price decreased at a lower rate than Brent crude in March 2013, according to Bunker Index price data.

The Brent settlement average fell by $6.49 per barrel, or 5.59 percent, to $109.54 per barrel in the month of March. During the same period, the BIX global bunker average declined by $27.77 per tonne, or 3.3 percent, to $816.96 per tonne.

Between December 2012 and March 2013, the Brent monthly average rose by $0.34 per barrel, or 0.31 percent, from $109.20 to $109.54 per barrel, whilst the BIX monthly global average increased by $12.92 per tonne, or 1.6 percent, from $804.04 to $816.96 per tonne.

Please find below tables of monthly WTI crude settlement averages and BIX global bunker averages between January 2011 and March 2013.

Month Brent Average($/bbl) +/- +/-(%)
Mar 2013 109.54 -6.49 -5.59
Feb 2013 116.03 +3.75 +3.34
Jan 2013 112.28 +3.08 +2.82
Dec 2012 109.20 -0.19 -0.17
Nov 2012 109.39 -2.08 -1.87
Oct 2012 111.47 -1.56 -1.38
Sep 2012 113.03 +0.35 +0.30
Aug 2012 112.68 +9.96 +9.70
Jul 2012 102.72 +6.79 +7.08
Jun 2012 95.93 -14.36 -13.02
May 2012 110.29 -10.20 -8.47
Apr 2012 120.49 -4.05 -3.25
Mar 2012 124.54 +5.48 +4.60
Feb 2012 119.06 +7.61 +6.83
Jan 2012 111.45 +3.73 +3.46
Dec 2011 107.72 -2.76 -2.50
Nov 2011 110.48 +1.69 +1.55
Oct 2011 108.79 -0.98 -0.89
Sep 2011 109.77 -0.16 -0.15
Aug 2011 109.93 -6.82 -5.84
Jul 2011 116.75 +3.03 +2.66
Jun 2011 113.72 -0.80 -0.70
May 2011 114.52 -8.57 -6.96
Apr 2011 123.09 +8.42 +7.34
Mar 2011 114.67 +10.64 +10.23
Feb 2011 104.03 +7.14 +7.37
Jan 2011 96.89


Month BIX Average ($/mt) +/- ($) +/- (%)
Mar 2013 816.96 -27.77 -3.3
Feb 2013 844.73 +21.31 +2.6
Jan 2013 823.42 +19.38 +2.4
Dec 2012 804.04 -6.05 -0.7
Nov 2012 810.09 -23.85 -2.9
Oct 2012 833.94 -19.14 -2.2
Sep 2012 853.08 +20.09 +2.4
Aug 2012 832.99 +47.42 +6.0
Jul 2012 785.57 +10.62 +1.4
Jun 2012 774.95 -70.59 -8.3
May 2012 845.54 -43.51 -4.9
Apr 2012 889.05 -13.09 -1.5
Mar 2012 902.14 +28.38 +3.2
Feb 2012 873.76 +24.73 +2.9
Jan 2012 849.03 +30.85 +3.8
Dec 2011 818.18 -16.64 -2.0
Nov 2011 834.82 +20.21 +2.5
Oct 2011 814.61 -5.29 -0.6
Sep 2011 819.90 +0.52 +0.06
Aug 2011 819.38 -15.42 -1.8
Jul 2011 834.80 +11.61 +1.4
Jun 2011 823.19 +1.11 +0.1
May 2011 822.08 -24.57 -2.9
Apr 2011 846.65 +46.40 +5.8
Mar 2011 800.25 +71.17 +9.8
Feb 2011 729.08 +62.34 +9.3
Jan 2011 666.74 +29.67 +4.7


Oilmar office in Dubai. Oilmar welcomes summer intern to Dubai branch  

Arpit Aryan will rotate across the bunker fuel trading, finance and operations departments.

Aerial view of the Dubai skyline. Oilmar takes on trading and finance intern in Dubai  

New intern to rotate across trading, operations and finance teams.

Seaspan and Maersk signing. Seaspan and Maersk deepen fleet efficiency collaboration with $75m upgrade programme  

Retrofit package for four 13,000-teu vessels includes installation of shaft generator to reduce auxiliary engine fuel consumption.

European Parliament building in Brussels. EU Parliament vote on soy biofuels could expose bloc to $5.6bn a year in trade sanctions  

MEPs reject regulation that would have phased out soy biofuels, risking WTO retaliation penalties.

Peninsula and Itochu logo. Peninsula and Itochu form joint venture to develop ammonia bunkering in Europe  

The two companies will initially focus on major European and Mediterranean port hubs.

Khushi Vakil, Flex Commodities. Flex Commodities appoints compliance analyst with Morgan Stanley background  

Dubai-based bunker trader hires onboarding specialist to bolster compliance team.

Lyla Pathfinder naming ceremony. NYK names eighth dual-fuel LPG carrier at Kawasaki Heavy Industries yard  

Lyla Pathfinder is capable of operating on both heavy fuel oil and LPG.

Verde Marine Energy and Eleven Energy logo. Verde Marine Energy and Eleven Energy formalise strategic collaboration  

Alliance combines physical supply capabilities with an expanding international trading business.

Laura DiBella, FMC. US Federal Maritime Commission chair to keynote IBIA Convention 2026 in New York  

Laura DiBella to address marine fuel industry leaders on regulation and market direction.

VPS logo. Longer drains, lower cost: The role of oil analysis of synthetic engine oils | Joe Star, VPS  

VPS recommends robust oil analysis programme for the safe extension of drain intervals.