The average price of marine gas oil (MGO) at the port of Singapore fell at a lower 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 $82.00 per tonne, or 18.85 percent, to $353.10 per tonne in December. During the same period, the Singapore MGO average was down by $74 per tonne, or 17.0 percent, to $362 per tonne.
Between December 2014 and December 2015, the monthly MGO average in Singapore declined by $236 per tonne, or 39.5 percent, from $598 to $362 per tonne, whilst the ICE Gas Oil settlement average decreased by $219.56 per tonne, or 38.3 percent, from $572.66 to $353.10 per tonne.
Please find below tables of monthly ICE Gas Oil settlement averages and Singapore MGO averages between January 2012 and December 2015.
| Month | ICE Gas Oil ($/mt) | +/- | +/-(%) |
| Dec 2015 | 353.10 | -82.00 | -18.85 |
| Nov 2015 | 435.10 | -22.63 | -4.94 |
| Oct 2015 | 457.73 | +12.78 | +2.72 |
| Sep 2015 | 470.51 | +6.93 | +1.49 |
| Aug 2015 | 463.58 | -57.49 | -11.03 |
| Jul 2015 | 521.07 | -58.43 | -10.08 |
| Jun 2015 | 579.50 | -21.31 | -3.54 |
| May 2015 | 600.81 | +40.13 | +7.16 |
| 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 |
| Month | Spore MGO ($/mt) | +/- | +/- (%) |
| Dec 2015 | 362 | -74.00 | -17.0 |
| Nov 2015 | 436 | +5.00 | +1.1 |
| Oct 2015 | 441 | -4.00 | -0.9 |
| Sep 2015 | 445 | +11.00 | +2.53 |
| Aug 2015 | 434 | -60.00 | -12.15 |
| Jul 2015 | 494 | -71.00 | -12.57 |
| Jun 2015 | 565 | -20.00 | -3.42 |
| May 2015 | 585 | +37.00 | +6.75 |
| Apr 2015 | 548 | +4.00 | +0.70 |
| Mar 2015 | 544 | -11.00 | -2.00 |
| Feb 2015 | 555 | +58.00 | +11.67 |
| Jan 2015 | 497 | -101.00 | -16.89 |
| Dec 2014 | 598 | -119.00 | -16.60 |
| Nov 2014 | 717 | -31.00 | -4.14 |
| Oct 2014 | 748 | -86.00 | -10.31 |
| Sep 2014 | 834 | -36.00 | -4.14 |
| Aug 2014 | 870 | -14.00 | -1.58 |
| Jul 2014 | 884 | -21.00 | -2.32 |
| Jun 2014 | 905 | -5.00 | -0.55 |
| May 2014 | 910 | +4.00 | +0.44 |
| Apr 2014 | 906 | +2.00 | +0.22 |
| Mar 2014 | 904 | -12.00 | -1.31 |
| Feb 2014 | 916 | +10.00 | +1.10 |
| Jan 2014 | 906 | -33.00 | -3.51 |
| Dec 2013 | 939 | +24.00 | +2.62 |
| Nov 2013 | 915 | -5.00 | -0.54 |
| Oct 2013 | 920 | +4.00 | +0.44 |
| Sep 2013 | 916 | -4.00 | -0.44 |
| Aug 2013 | 919 | +12.00 | +1.32 |
| Jul 2013 | 907 | +31.00 | +3.54 |
| Jun 2013 | 876 | +20.00 | +2.34 |
| May 2013 | 856 | -1.00 | -0.23 |
| Apr 2013 | 857 | -55.00 | -6.03 |
| Mar 2013 | 912 | -62.00 | -6.36 |
| Feb 2013 | 974 | +40.00 | +4.28 |
| Jan 2013 | 934 | +16.00 | +1.74 |
| Dec 2012 | 918 | -4.00 | -0.43 |
| Nov 2012 | 922 | -26.00 | -2.74 |
| Oct 2012 | 948 | -25.00 | -2.57 |
| Sep 2012 | 973 | +13.00 | +1.35 |
| Aug 2012 | 960 | +92.00 | +10.60 |
| Jul 2012 | 868 | +48.00 | +5.85 |
| Jun 2012 | 820 | -105.00 | -11.35 |
| May 2012 | 925 | -63.00 | -6.38 |
| Apr 2012 | 988 | -20.00 | -1.98 |
| Mar 2012 | 1008 | +24.00 | +2.44 |
| Feb 2012 | 984 | +29.00 | +3.04 |
| Jan 2012 | 955 | +35.00 | +3.80 |
