Wed 13 Jul 2016 09:25

Singapore MGO vs ICE Gas Oil in June


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

The average price of marine gas oil (MGO) at the port of Singapore rose at a higher percentage rate than ICE Gas Oil in June, according to Bunker Index and Intercontinental Exchange (ICE) price data.

The ICE Gas Oil settlement average increased by $20.21 per tonne, or 4.76 percent, to $444.36 per tonne last month. During the same period, the Singapore MGO average was up $25.00 per tonne, or 6.0 percent, to $441 per tonne.

Between June 2015 and June 2016 the monthly MGO average in Singapore was down $124 per tonne, or 21.9 percent, from $565 to $441 per tonne, whilst the ICE Gas Oil settlement average is lower by $135.14 per tonne, or 23.3 percent, from $579.50 to $444.36 per tonne.

Please find below tables of monthly ICE Gas Oil settlement averages and Singapore MGO averages between January 2015 and June 2016.

Month ICE Gas Oil ($/mt) +/- +/-(%)
Jun 2016 444.36 +20.21 +4.76
May 2016 424.15 +53.40 +14.40
Apr 2016 370.75 +15.44 +4.34
Mar 2016 355.31 +49.45 +16.17
Feb 2016 305.86 +15.25 +5.25
Jan 2016 290.61 -62.49 -17.70
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


MonthSpore MGO ($/mt)+/-+/- (%)
Jun 2016441 +25.00 +6.0
May 2016416 +53.00 +14.6
Apr 2016363 +19.00 +5.5
Mar 2016344 +44.00 +14.7
Feb 2016300 +9.00 +3.1
Jan 2016291 -71.00 -19.6
Dec 2015362 -74.00 -17.0
Nov 2015436 +5.00 +1.1
Oct 2015441 -4.00 -0.9
Sep 2015445 +11.00 +2.53
Aug 2015434 -60.00 -12.15
Jul 2015494 -71.00 -12.57
Jun 2015565 -20.00 -3.42
May 2015585 +37.00 +6.75
Apr 2015548 +4.00 +0.70
Mar 2015544 -11.00 -2.00
Feb 2015555 +58.00 +11.67
Jan 2015497 -101.00 -16.89
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