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Fri 5 Dec 2014 14:23

Brent vs BIX price comparison


Analysis of Brent crude vs the BIX global bunker price.

The average global bunker price fell at a less significant rate than Brent crude during the month of November, according to Bunker Index (BIX) and Intercontinental Exchange (ICE) price data.

The Brent settlement average decreased by $8.42 per barrel, or 9.56 percent, to $79.63 per barrel in the month of November - the second most significant drop since June 2012. During the same period, the BIX global bunker average was down $50.57 per tonne, or 7.22 percent, to $649.76 per tonne - also the second-biggest decline since June 2012.

Since November 2013, the Brent monthly average has fallen by $28.27 per barrel, or 26.2 percent, from $107.90 to $79.63 per barrel, whilst the BIX monthly global average has declined by $132.23 per tonne, or 16.9 percent, from $781.99 to $649.76 per tonne.

Please find below tables of monthly WTI crude settlement averages and BIX global bunker averages between January 2011 and November 2014.

Month Brent Average($/bbl) +/- +/-(%)
Nov 2014 79.63 -8.42 -9.56
Oct 2014 88.05 -10.52 -10.67
Sep 2014 98.57 -4.83 -4.67
Aug 2014 103.40 -4.84 -4.47
Jul 2014 108.24 -3.73 -3.33
Jun 2014 111.97 +2.79 +2.56
May 2014 109.18 +1.09 +1.01
Apr 2014 108.09 -0.34 -0.32
Mar 2014 107.75 -1.09 -1.00
Feb 2014 108.84 +1.79 +1.67
Jan 2014 107.05 -3.65 -3.30
Dec 2013 110.70 +2.80 +2.59
Nov 2013 107.90 -1.54 -1.41
Oct 2013 109.44 -1.81 -1.63
Sep 2013 111.25 +0.87 +0.79
Aug 2013 110.38 +3.01 +2.80
Jul 2013 107.37 +4.03 +3.90
Jun 2013 103.34 +0.06 +0.06
May 2013 103.28 -0.15 -0.15
Apr 2013 103.43 -6.11 -5.58
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 ($/mt) +/- ($) +/- (%)
Nov 2014 649.76 -50.57 -7.22
Oct 2014 700.33 -53.49 -7.10
Sep 2014 753.82 -15.61 -2.03
Aug 2014 769.43 -13.33 -1.70
Jul 2014 782.76 -11.05 -1.39
Jun 2014 793.81 +4.76 +0.6
May 2014 789.05 +0.09 +0.01
Apr 2014 788.96 -3.85 -0.5
Mar 2014 792.81 -0.82 -0.1
Feb 2014 793.63 +5.78 +0.7
Jan 2014 787.85 -5.72 -0.7
Dec 2013 793.57 +11.58 +1.48
Nov 2013 781.99 -9.31 -1.18
Oct 2013 791.30 -7.95 -1.0
Sep 2013 799.25 +2.96 +0.37
Aug 2013 796.29 +5.44 +0.7
Jul 2013 790.85 +4.29 +0.5
Jun 2013 786.56 -0.05 -0.006
May 2013 786.61 -4.64 -0.6
Apr 2013 791.25 -25.71 -3.1
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

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