Tue 6 Dec 2016, 12:43 GMT

WTI vs BIX comparison in November


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



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

The WTI settlement average was down $4.05 per barrel, or 8.1 percent, to $45.90 per barrel in November. During the same period, the BIX global bunker average fell $14.02 per tonne, or 3.2 percent, to $429.12 per tonne.

Over the last 12 months, between November 2015 and November 2016, the WTI monthly average has risen $2.93 per barrel, or 6.8 percent, from $42.97 to $45.90 per barrel, whilst the BIX monthly global average has increased by a less significant $9.75 per tonne, or 2.3 percent, from $419.37 to $429.12 per tonne.

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

Month WTI Average($/bbl) +/- +/-(%)
Nov 2016 45.90 -4.05 -8.11
Oct 2016 49.95 +4.73 +10.46
Sep 2016 45.22 +0.42 +0.93
Aug 2016 44.80 -0.19 -0.42
Jul 2016 44.99 -3.86 -7.90
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 ($/mt) +/-($) +/-(%)
Nov 2016 429.12 -14.02 -3.20
Oct 2016 438.79 +25.68 +6.22
Sep 2016 413.11 +5.13 +1.30
Aug 2016 407.98 -6.84 -1.65
Jul 2016 414.82 -0.42 -0.10
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


EIB and Port of Rotterdam signing. Port of Rotterdam secures EUR90m EIB loan for shore power installations  

Financing will support shore power infrastructure at three container terminals, with an EU grant also approved.

IBIA logo. IBIA updates biofuels training module for 2026  

Updated online course covers latest regulatory developments and market trends in liquid and gaseous biofuels.

Brim Explorer’s fully electric passenger vessel concept render Bureau Veritas to class all-electric trimarans for Brim Explorer  

Two zero-emission passenger vessels will operate in Norwegian fjords after extensive Arctic testing.

Steel cutting ceremony for LNG fuel tank project. CIMC SOE starts construction on first 9,000-cbm LNG tank project  

South Korean shipowner SUNBO has commissioned the tanks for 18,000-cbm LNG bunkering vessels.

Rob Mortimer, CEO of FuelRe4m. Gulf tensions expose shipping’s continued reliance on fossil fuels, says Fuelre4m  

Dubai-based firm warns alternative fuel infrastructure remains fragile compared to established oil and gas systems.

Welcoming of CMA CGM Grand Palais vessel. CMA CGM adds 23,000-teu containership to Asia-Europe service  

CMA CGM Grand Palais will operate on the FAL3 route between Asia and Europe.

WinGD methanol and ethanol webinar invitation. WinGD to host webinar on methanol- and ethanol-flexible fuel engine technology  

Engine manufacturer will discuss market outlook, regulations and operational experience with alcohol-based marine fuels.

Peninsula graduate programme group photo. Peninsula opens applications for 2026 graduate programmes in marine fuels trading  

Two-year scheme offers positions across six global locations starting in September, combining hands-on experience with structured development.

Collin She, Oilmar DMCC. Oilmar DMCC promotes Collin She to key account manager role  

She will lead strategic customer relationships and drive growth opportunities in Singapore and the wider region.

Areion vessel. Dorian LPG takes delivery of dual-fuel VLGC capable of carrying ammonia  

The 93,000-cbm Areion can run on LPG or fuel oil and transport ammonia cargoes.