Wed 3 Apr 2013 11:38

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


The Buffalo 404 barge, owned by Buffalo Marine Service Inc., performing a bunker delivery. TFG Marine installs first ISO-certified mass flow meter on US Gulf bunker barge  

Installation marks expansion of company's digitalisation programme across global fleet.

Sogestran's fuel supply vessel, the Anatife, at the port of Belle-Île-en-Mer. Sogestran's HVO-powered tanker achieves 78% CO2 reduction on French island fuel runs  

Small tanker Anatife saves fuel while supplying Belle-Île and Île d'Yeu.

Crowley 1,400 TEU LNG-powered containership, Tiscapa. Crowley deploys LNG-powered boxship Tiscapa for Caribbean and Central American routes  

Vessel is the third in company's Avance Class fleet to enter service.

The inland LNG bunker vessel LNG London. LNG London completes 1,000 bunkering operations in Rotterdam and Antwerp  

Delivery vessel reaches milestone after five years of operations across ARA hub.

The M.V. COSCO Shipping Yangpu, China's first methanol dual-fuel containership. COSCO vessel completes maiden green methanol bunkering at Yangpu  

China's first methanol dual-fuel containership refuels with green methanol derived from urban waste.

Carsten Ladekjær, CEO of Glander International Bunkering. Glander International Bunkering reports stable performance amid regulatory changes  

Bunker trader achieves $3bn turnover and $22m pre-tax earnings for fiscal 2024-25.

Map of the Mediterranean Sea ULSFO demand surges in Med as ECA compliance drives fuel shift  

KPI OceanConnect reports accelerating ULSFO uptake across the region.

The Zale performing a bunker delivery. Monjasa reports Singapore as top bunker supply port with over 1 MMT delivered  

Supplier says world's largest bunkering hub became its biggest supply location in 2024.

Steel cutting ceremony for the 7,999 DWT chemical bunker tanker Lucia Cosulich at Taizhou Maple Leaf Shipbuilding Co., Ltd. in China. Fratelli Cosulich begins construction of second methanol-ready bunker tanker  

Italian firm starts steel cutting for 7,999 DWT chemical bunker vessel.

Petrobras logo. Petrobras introduces volume-based price discounts at Santos  

Brazilian oil company offers progressive discounts for bunker deliveries exceeding 1,500 tonnes.


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