Wed 13 Jul 2016, 10:48 GMT

WTI vs BIX comparison in June


Analysis of WTI crude vs the BIX global bunker price during the month of June.



The BIX monthly average rose at a higher percentage rate than WTI crude in June, according to Bunker Index (BIX) and New York Mercantile Exchange (NYMEX) price data.

The WTI settlement average was up $1.9 per barrel, or 4.05 percent, to $48.85 per barrel in June. During the same period, the BIX global bunker average rose $23.20 per tonne, or 5.92 percent, to $415.24 per tonne.

Over the last 12 months - between June 2015 and June 2016 - the WTI monthly average has fallen $11.01 per barrel, or 18.39 percent, from $59.86 to $48.85 per barrel, whilst the BIX monthly global average has declined by $120.28 per tonne, or 22.46 percent, from $535.52 to $415.20 per tonne.

Please find below tables of monthly WTI crude settlement averages and BIX global bunker averages between January 2015 and June 2016.

Month WTI Average($/bbl) +/- +/-(%)
Jun 2016 48.85 +1.90 +4.05
May 2016 46.95 +5.76 +13.98
Apr 2016 41.19 +3.16 +8.31
Mar 2016 38.03 +7.36 +24.00
Feb 2016 30.67 -1.16 -3.64
Jan 2016 31.83 -5.61 -14.98
Dec 2015 37.44 -5.53 -12.90
Nov 2015 42.97 +3.37 +7.27
Oct 2015 46.34 +0.91 +2.00
Sep 2015 45.43 +2.54 +5.90
Aug 2015 42.89 -8.26 -16.15
Jul 2015 51.15 -8.71 -14.55
Jun 2015 59.86 +0.43 +0.72
May 2015 59.43 +4.74 +8.67
Apr 2015 54.69 +6.80 +14.20
Mar 2015 47.89 -2.96 -5.82
Feb 2015 50.85 +3.49 +7.36
Jan 2015 47.36 -11.95 -20.15


Month BIX Average ($/mt) +/-($) +/-(%)
Jun 2016 415.24 +23.20 +5.92
May 2016 392.04 +30.14 +8.33
Apr 2016 361.90 +9.85 +2.80
Mar 2016 352.05 +13.26 +3.91
Feb 2016 338.79 -4.04 -1.18
Jan 2016 342.83 -34.20 -9.10
Dec 2015 377.03 -42.34 -10.10
Nov 2015 419.37 -15.50 -3.56
Oct 2015 434.87 -3.03 -0.70
Sep 2015 437.90 -11.09 -2.50
Aug 2015 448.99 -49.77 -9.98
Jul 2015 498.76 -36.76 -6.86
Jun 2015 535.52 -8.48 -1.56
May 2015 544.00 +30.94 +6.03
Apr 2015 513.06 +0.31 +0.06
Mar 2015 512.75 -5.65 -1.09
Feb 2015 518.40 +23.79 +4.80
Jan 2015 494.61 -65.54 -11.70


Global Ethanol Association (GEA) and Vale logo side by side. Vale joins Global Ethanol Association as founding member  

Brazilian mining company becomes founding member of association focused on ethanol use in maritime sector.

KPI OceanConnect Logo. KPI OceanConnect seeks marine fuel trading intern in Singapore  

Bunker supplier advertises role offering exposure to commercial and operational aspects of marine fuel business.

Frank Dahan, CSL Group. CSL Group's Frank Dahan appointed chair of IBIA's Americas regional board  

Dahan brings 29 years of marine transportation and energy experience to the role.

IMO Member States, Belgium delegation. Lloyd's Register, EXMAR, and Belgium’s Federal Public Service develop interim guidelines for ammonia cargo as fuel  

Guidelines expected to receive formal IMO approval in May 2026, enabling ammonia use on gas carriers.

Knut Ørbeck-Nilssen, DNV. DNV to lead Nordic roadmap Phase 2 for zero-carbon shipping transition  

Programme will identify green corridors and tackle cost barriers through new financing approaches.

Monjasa logo. Monjasa seeks trader for Dubai operations  

Marine fuel supplier recruiting for trading role covering sales, purchasing, and logistics in UAE.

IBIA Board Elections 2026 – Call for Nominations announcement. IBIA calls for board election nominations ahead of Friday deadline  

Association seeks candidates for 2026 board positions with submissions closing 12 December.

Fraua vessel. BMT Bunker adds tanker MT Fraua to fleet  

BMT Bunker und Mineralöltransport has expanded its fleet with a new vessel.

Ruby bunkering vessel. Island Oil expands Cyprus bunkering fleet with vessel Ruby  

Island Oil adds second bunkering vessel to strengthen marine fuel supply operations in Cyprus.

Wärtsilä and Aalto University partnership signing. Wärtsilä and Aalto University extend R&D partnership to accelerate marine decarbonisation  

Five-year agreement expands international collaboration on alternative fuels and clean energy technologies.