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Fri 2 Jan 2015 17:41

Singapore MGO vs ICE Gas Oil


Analysis of Singapore marine gas oil (MGO) and ICE Gas Oil prices.

The average price of marine gas oil (MGO) at the port of Singapore fell at a less significant rate than ICE Gas Oil during the month of December, according to Bunker Index and Intercontinental Exchange (ICE) price data.

The ICE Gas Oil settlement average decreased by $135.07 per tonne, or 19.08 percent, to $572.66 per tonne in December. During the same period, the Singapore MGO average was down by $119 per tonne, or 16.6 percent, to $598 per tonne.

Between December 2013 and December 2014, the monthly MGO average in Singapore declined by $341 per tonne, or 36.3 percent, from $939 to $598 per tonne, whilst the ICE Gas Oil settlement average decreased by $365.61 per tonne, or 39.0 percent, from $938.27 to $572.66 per tonne.

Please find below tables of monthly ICE Gas Oil settlement averages and Singapore MGO averages between January 2012 and December 2014.

Month ICE Gas Oil ($/mt) +/- +/-(%)
Dec 2014 572.66 -135.07 -19.08
Nov 2014 707.73 -46.04 -6.10
Oct 2014 753.77 -78.73 -9.46
Sep 2014 832.50 -36.20 -4.17
Aug 2014 868.70 -20.56 -2.31
Jul 2014 889.26 -22.49 -2.47
Jun 2014 911.75 +4.55 +0.50
May 2014 907.20 -0.34 -0.04
Apr 2014 907.54 +5.69 +0.63
Mar 2014 901.85 -19.35 -2.10
Feb 2014 921.20 +7.34 +0.80
Jan 2014 913.86 -24.41 -2.60
Dec 2013 938.27 +22.75 +2.48
Nov 2013 915.52 -14.13 -1.52
Oct 2013 929.65 -8.95 -0.95
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)+/-+/- (%)
Dec 2014598 -119.00 -16.60
Nov 2014717 -31.00 -4.14
Oct 2014748 -86.00 -10.31
Sep 2014834 -36.00 -4.14
Aug 2014870 -14.00 -1.58
Jul 2014884 -21.00 -2.32
Jun 2014905 -5.00 -0.55
May 2014910 +4.00 +0.44
Apr 2014906 +2.00 +0.22
Mar 2014904 -12.00 -1.31
Feb 2014916 +10.00 +1.10
Jan 2014906 -33.00 -3.51
Dec 2013939 +24.00 +2.62
Nov 2013915 -5.00 -0.54
Oct 2013920 +4.00 +0.44
Sep 2013916 -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
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