Singapore MGO vs ICE Gas Oil

Mon 4 Jun 2012, 09:41 GMT

Singapore MGO vs ICE Gas Oil

Analysis of Singapore marine gas oil and ICE Gas Oil prices.

The average price of marine gas oil (MGO) at the port of Singapore declined at a slightly slower rate than ICE Gas Oil in May 2012, according to Bunker Index price data.

The ICE Gas Oil settlement average fell by $70.17 per tonne, or 6.99 percent, in the month of May. During the same period, the Singapore MGO average decreased by $63.00 per tonne, or 6.38 percent, to $925 per tonne.

Please find below tables of monthly ICE Gas Oil settlement averages and Singapore MGO averages between January and May 2012.

Month	ICE Gas Oil ($/mt)	+/-	+/-(%)
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)	+/-	+- (%)
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

MGO Singapore Singapore (SG)


		World Fuel Services and West Coast Clean Fuels launch methanol bunkering across US ports First over-the-water methanol delivery completed in South Florida with Coast Guard-approved procedures.

		Burando Energies appoints Valerie Ahrens as global head of methanol Ahrens brings more than 30 years of energy sector experience to the marine fuels supplier.

		New Sea Generation seeks junior bunker trader in Greece Greek bunker firm advertises role requiring commitment to demanding work schedule and operational responsibilities.

		IINO Lines secures sustainable shipping finance for methanol dual-fuel VLCC Japanese shipowner signs impact financing agreement with Mizuho Bank for alternative-fuel tanker.

		Fluxys Belgium reports EUR74.9m profit as LNG flows surge and hydrogen infrastructure begins Belgian gas infrastructure operator’s 2025 net profit fell 8.8% amid hydrogen and CO₂ investments.

		Shale oil components detected in Singapore marine fuel \| VPS VPS testing identifies 90,000 mt of delivered VLSFO containing Estonian shale oil compounds.

		IBIA chair completes two-year term, citing expansion in regulatory engagement and membership Outgoing chair to remain on Global Board and lead Future Fuels and Bunker Buyers’ working groups.

		LNG and methanol investments risk becoming 'dead ends' for shipping decarbonisation, UCL study finds Research warns transitional marine fuels may lock in fossil infrastructure rather than enabling an ammonia pathway.

		Protasov: Renewable fuel supply could meet shipping demand, but offtake agreements remain a barrier GENA Solutions CEO highlights project pipeline growth but warns regulatory uncertainty hampers investment decisions.

		Wah Kwong takes delivery of first LNG-ready LR2 tanker with Bureau Veritas SMART notation Frontier Venture is first in newbuild series to achieve Group 3 'augmented ship' capabilities.