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Tue 1 Oct 2013, 14:54 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 dipped slightly in September, whilst the ICE Gas Oil average was marginally higher, according to Bunker Index price data.

The ICE Gas Oil settlement average rose by $4.49 per tonne, or 0.48 percent, to $938.60 per tonne in the month of September. During the same period, the Singapore MGO average dipped by $4.00 per tonne, or 0.44 percent, to $915 per tonne.

Between September 2012 and September 2013, the monthly MGO average in Singapore decreased by $58 per tonne, or 5.96 percent, from $973 to $915 per tonne, whilst the ICE Gas Oil settlement average declined by $47.78 per tonne, or 4.84 percent, from $986.38 to $938.60 per tonne.

Please find below tables of monthly ICE Gas Oil settlement averages and Singapore MGO averages between January 2012 and September 2013.

Month ICE Gas Oil ($/mt) +/- +/-(%)
Sep 2013 938.60 +4.49 +0.48
Aug 2013 934.11 +22.56 +2.47
Jul 2013 911.55 +37.66 +4.31
Jun 2013 873.89 +14.15 +1.65
May 2013 859.74 -4.98 -0.58
Apr 2013 864.72 -48.97 -5.36
Mar 2013 913.69 -82.21 -8.25
Feb 2013 995.90 +36.50 +3.80
Jan 2013 959.40 +32.80 +3.54
Dec 2012 926.60 -10.46 -1.12
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)+/-+/- (%)
Sep 2013915 -4.00 -0.44
Aug 2013919 +12.00 +1.32
Jul 2013907 +31.00 +3.54
Jun 2013876 +20.00 +2.34
May 2013856 -1.00 -0.23
Apr 2013857 -55.00 -6.03
Mar 2013912 -62.00 -6.36
Feb 2013974 +40.00 +4.28
Jan 2013934 +16.00 +1.74
Dec 2012918 -4.00 -0.43
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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