Mon 30 Nov 2015, 13:19 GMT

BIX MGO price summary: week 48


A summary of weekly global marine gas oil (MGO) prices.



The Bunker Index MGO (BIX MGO) - the worldwide daily marine gas oil (MGO) average quoted in US$ per metric tonne - recorded its biggest week-on-week decrease in six weeks on November 27, according to Bunker Index price data.

The global MGO price fell by $8.45 per tonne, or 1.4 percent, to $591.81 per tonne on Friday compared with $600.26 per tonne on November 20. It is the lowest end-of-week price of the year so far, and the only one below $600 per tonne.

It is also the third week-on-week decrease in a row and the sixth in the last seven weeks.

During the same 7-day period - between November 20 and November 27 - the Intercontinental Exchange's (ICE) Gas Oil settlement price declined by $6.50, or 1.5 percent, from to $424.75 to $418.25 per tonne.

To access the full Bunker Index MGO (BIX MGO) archive, please click on the following link below.

http://www.bunkerindex.com/prices/bixfree.php?priceindex_id=5

Please find a summary of end-of-week BIX MGO prices below (in US$ per tonne) since the start of the year.

Bunker Index MGO (BIX MGO):

27/11 (Week 48) - 591.81 (-8.45, -1.4%)
20/11 (Week 47) - 600.26 (-6.11, -1.0%)
13/11 (Week 46) - 606.37 (-8.38, -1.4%)
06/11 (Week 45) - 614.75 (+2.64, +0.4%)
30/10 (Week 44) - 612.11 (-8.26, -1.3%)
23/10 (Week 43) - 620.37 (-5.02, -0.8%)
16/10 (Week 42) - 625.39 (-10.53, -1.7%)
09/10 (Week 41) - 635.92 (+7.59, +1.2%)
02/10 (Week 40) - 628.33 (-8.78, -1.4%)
25/09 (Week 39) - 637.11 (+2.36, +0.4%)
18/09 (Week 38) - 634.75 (+5.62, +0.9%)
11/09 (Week 37) - 629.13 (-8.66, -1.4%)
04/09 (Week 36) - 637.79 (+12.12, +1.9%)
28/08 (Week 35) - 625.67 (-7.37, -1.2%)
21/08 (Week 34) - 633.04 (-9.74, -1.5%)
14/08 (Week 33) - 642.78 (-2.50, -0.4%)
07/08 (Week 32) - 645.28 (-14.79, -2.2%)
31/07 (Week 31) - 660.07 (-10.54, -1.6%)
24/07 (Week 30) - 670.61 (-9.88, -1.4%)
17/07 (Week 29) - 680.49 (-8.95, -1.3%)
10/07 (Week 28) - 689.44 (-16.03, -2.3%)
03/07 (Week 27) - 705.47 (-4.58, -0.6%)
26/06 (Week 26) - 710.05 (-11.27, -1.6%)
19/06 (Week 25) - 721.32 (-0.67, -0.09%)
12/06 (Week 24) - 721.99 (+4.70, +0.7%)
05/06 (Week 23) - 717.29 (+0.43, +0.06%)
29/05 (Week 22) - 716.86 (-12.62,-1.7%)
22/05 (Week 21) - 729.48 (-2.77, -0.4%)
15/05 (Week 20) - 732.25 (+4.98, +0.7%)
08/05 (Week 19) - 727.27 (+8.56, +1.2%)
01/05 (Week 18) - 718.71 (+9.40, +1.3%)
24/04 (Week 17) - 709.31 (+3.64, +0.5%)
17/04 (Week 16) - 705.67 (+11.96, +1.7%)
10/04 (Week 15) - 693.71 (-3.73, -0.5%)
03/04 (Week 14) - 697.44 (-6.77, -1.0%)
27/03 (Week 13) - 704.21 (+5.72, +0.8%)
20/03 (Week 12) - 698.49 (-16.12, -2.3%)
13/03 (Week 11) - 714.61 (-15.61, -2.1%)
06/03 (Week 10) - 730.22 (-12.11, -1.6%)
27/02 (Week 9) - 742.33 (+5.57, +0.8%)
20/02 (Week 8) - 736.76 (+6.79, +0.9%)
13/02 (Week 7) - 729.97 (+3.00, +0.4%)
06/02 (Week 6) - 726.97 (+21.59, +3.1%)
30/01 (Week 5) - 705.38 (-12.62, -1.8%)
23/01 (Week 4) - 718.00 (-16.84, -2.3%)
16/01 (Week 3) - 734.84 (-14.82, -2.0%)
09/01 (Week 2) - 749.66 (-29.19, -3.7%)
02/01 (Week 1) - 778.85

MGO  

Arctic Tern vessel. Wallenius Wilhelmsen takes delivery of first methanol-ready Shaper Class vessel  

The dual-fuel Arctic Tern will enter service on the Asia–Europe trade almost immediately.

Al Muraykh vessel. Hapag-Lloyd signs shore power agreement with Hamburg Port Authority  

Deal commits the carrier to using onshore power supply at all Hamburg terminals.

Dorthe Karin Bendtsen, KPI OceanConnect. KPI OceanConnect reports 21% rise in pre-tax earnings for 2025/26  

Marine fuel firm delivers 13 million tonnes and expands carbon markets capabilities amid geopolitical turbulence.

VTTI logo. VTTI Dalian completes first large-scale 'green methanol' vessel loading  

Cargo to be supplied as marine fuel in Shanghai.

Steff Tan, Oilmar. Oilmar appoints Steff Tan as marine fuels trader in Singapore  

New hire's background spans bunker operations, logistics, commercial trading, marketing, and business development.

Feng Da Hai vessel. Cosco Shipping adds methanol-ready bulk carrier Feng Da Hai to fleet  

The 64,000-tonne vessel is equipped with a methanol fuel system for future low-carbon operations.

Oilmar office in Dubai. Oilmar welcomes summer intern to Dubai branch  

Arpit Aryan will rotate across the bunker fuel trading, finance and operations departments.

Aerial view of the Dubai skyline. Oilmar takes on trading and finance intern in Dubai  

New intern to rotate across trading, operations and finance teams.

Seaspan and Maersk signing. Seaspan and Maersk deepen fleet efficiency collaboration with $75m upgrade programme  

Retrofit package for four 13,000-teu vessels includes installation of shaft generator to reduce auxiliary engine fuel consumption.

European Parliament building in Brussels. EU Parliament vote on soy biofuels could expose bloc to $5.6bn a year in trade sanctions  

MEPs reject regulation that would have phased out soy biofuels, risking WTO retaliation penalties.