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Tue 6 Dec 2016, 12:43 GMT

WTI vs BIX comparison in November


Analysis of WTI crude vs the BIX global bunker price during the month of November.

The Bunker Index (BIX) monthly average fell at a lower percentage rate than WTI crude in November, according to Bunker Index and New York Mercantile Exchange (NYMEX) price data.

The WTI settlement average was down $4.05 per barrel, or 8.1 percent, to $45.90 per barrel in November. During the same period, the BIX global bunker average fell $14.02 per tonne, or 3.2 percent, to $429.12 per tonne.

Over the last 12 months, between November 2015 and November 2016, the WTI monthly average has risen $2.93 per barrel, or 6.8 percent, from $42.97 to $45.90 per barrel, whilst the BIX monthly global average has increased by a less significant $9.75 per tonne, or 2.3 percent, from $419.37 to $429.12 per tonne.

Please find below tables of monthly WTI crude settlement averages and BIX global bunker averages between January 2015 and November 2016.

Month WTI Average($/bbl) +/- +/-(%)
Nov 2016 45.90 -4.05 -8.11
Oct 2016 49.95 +4.73 +10.46
Sep 2016 45.22 +0.42 +0.93
Aug 2016 44.80 -0.19 -0.42
Jul 2016 44.99 -3.86 -7.90
Jun 2016 48.85 +1.90 +4.05
May 2016 46.95 +5.76 +13.98
Apr 2016 41.19 +3.16 +8.31
Mar 2016 38.03 +7.36 +24.00
Feb 2016 30.67 -1.16 -3.64
Jan 2016 31.83 -5.61 -14.98
Dec 2015 37.44 -5.53 -12.90
Nov 2015 42.97 +3.37 +7.27
Oct 2015 46.34 +0.91 +2.00
Sep 2015 45.43 +2.54 +5.90
Aug 2015 42.89 -8.26 -16.15
Jul 2015 51.15 -8.71 -14.55
Jun 2015 59.86 +0.43 +0.72
May 2015 59.43 +4.74 +8.67
Apr 2015 54.69 +6.80 +14.20
Mar 2015 47.89 -2.96 -5.82
Feb 2015 50.85 +3.49 +7.36
Jan 2015 47.36 -11.95 -20.15


Month BIX Average ($/mt) +/-($) +/-(%)
Nov 2016 429.12 -14.02 -3.20
Oct 2016 438.79 +25.68 +6.22
Sep 2016 413.11 +5.13 +1.30
Aug 2016 407.98 -6.84 -1.65
Jul 2016 414.82 -0.42 -0.10
Jun 2016 415.24 +23.20 +5.92
May 2016 392.04 +30.14 +8.33
Apr 2016 361.90 +9.85 +2.80
Mar 2016 352.05 +13.26 +3.91
Feb 2016 338.79 -4.04 -1.18
Jan 2016 342.83 -34.20 -9.10
Dec 2015 377.03 -42.34 -10.10
Nov 2015 419.37 -15.50 -3.56
Oct 2015 434.87 -3.03 -0.70
Sep 2015 437.90 -11.09 -2.50
Aug 2015 448.99 -49.77 -9.98
Jul 2015 498.76 -36.76 -6.86
Jun 2015 535.52 -8.48 -1.56
May 2015 544.00 +30.94 +6.03
Apr 2015 513.06 +0.31 +0.06
Mar 2015 512.75 -5.65 -1.09
Feb 2015 518.40 +23.79 +4.80
Jan 2015 494.61 -65.54 -11.70
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