Wed 4 Jan 2012, 10:35 GMT

WTI vs BIX - Dec 2011


WTI crude vs BIX global bunker price comparison.



Please find below a table of monthly WTI crude settlement averages between January and December 2011.

The table shows that the WTI settlement average rose by $1.42 per barrel, or 1.46 percent, in the month of December.

During the same period, the BIX global bunker average decreased by $16.64 per tonne, or 2.0 percent, to $818.18 per tonne. A table has also been provided below for comparison purposes.

Month WTI Average($/bbl) +/- +/-(%)
Dec 2011 98.58 +1.42 +1.46
Nov 2011 97.16 +10.73 +12.41
Oct 2011 86.43 +0.82 +0.96
Sep 2011 85.61 -0.75 -0.87
Aug 2011 86.36 -10.99 -11.29
Jul 2011 97.35 +1.01 +1.05
Jun 2011 96.34 -5.02 -4.95
May 2011 101.36 -8.69 -7.90
Apr 2011 110.05 +7.06 +6.86
Mar 2011 102.98 +12.96 +14.39
Feb 2011 90.03 +0.45 +0.50
Jan 2011 89.58


Month BIX Average ($/mt) +/- ($) +/- (%)
Dec 2011 818.18 -16.64 -2.0
Nov 2011 834.82 +20.21 +2.5
Oct 2011 814.61 -5.29 -0.6
Sep 2011 819.90 +0.52 +0.06
Aug 2011 819.38 -15.42 -1.8
Jul 2011 834.80 +11.61 +1.4
Jun 2011 823.19 +1.11 +0.1
May 2011 822.08 -24.57 -2.9
Apr 2011 846.65 +46.40 +5.8
Mar 2011 800.25 +71.17 +9.8
Feb 2011 729.08 +62.34 +9.3
Jan 2011 666.74 +29.67 +4.7


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.