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)


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