Sign up
Log in Sign up
Tue 5 May 2015 07:29

Singapore MGO vs ICE Gas Oil


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

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

The ICE Gas Oil settlement average increased by $16.68 per tonne, or 3.07 percent, to $560.68 per tonne in April. During the same period, the Singapore MGO average was up by $4 per tonne, or 0.7 percent, to $548 per tonne.

Between April 2014 and April 2015, the monthly MGO average in Singapore declined by $358 per tonne, or 39.5 percent, from $906 to $548 per tonne, whilst the ICE Gas Oil settlement average decreased by $346.86 per tonne, or 38.2 percent, from $907.54 to $560.68 per tonne.

Please find below tables of monthly ICE Gas Oil settlement averages and Singapore MGO averages between January 2012 and April 2015.

Month ICE Gas Oil ($/mt) +/- +/-(%)
Apr 2015 560.68 +16.68 +3.07
Mar 2015 544.00 -21.73 -3.84
Feb 2015 565.73 +88.96 +18.66
Jan 2015 476.77 -95.89 -16.74
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)+/-+/- (%)
Apr 2015548 +4.00 +0.70
Mar 2015544 -11.00 -2.00
Feb 2015555 +58.00 +11.67
Jan 2015497 -101.00 -16.89
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
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.

↑  Back to Top


 Recommended