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Thu 3 Jan 2013, 12:24 GMT

Singapore MGO vs ICE Gas Oil in 2012


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

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

The ICE Gas Oil settlement average fell by $10.46 per tonne, or 1.12 percent, to $926.60 per tonne in the month of December. During the same period, the Singapore MGO average decreased by just $4 per tonne, or 0.43 percent, to $918 per tonne.

Between January and December, the monthly MGO average in Singapore declined by $37 per tonne, or 3.87 percent, whilst the ICE Gas Oil settlement average decreased by $27.07 per tonne, or 2.83 percent.

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

Month ICE Gas Oil ($/mt) +/- +/-(%)
Dec 2012 926.60 -10.46 -1.12
Nov 2012 937.06 -46.61 -4.74
Oct 2012 983.67 -2.71 -0.27
Sep 2012 986.38 +19.28 +1.99
Aug 2012 967.10 +76.52 +8.59
Jul 2012 890.58 +50.71 +6.04
Jun 2012 839.87 -93.11 -9.98
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


MonthSpore MGO ($/mt)+/-+/- (%)
Dec 2012918 -4.00 -0.43
Nov 2012922 -26.00 -2.74
Oct 2012948 -25.00 -2.57
Sep 2012973 +13.00 +1.35
Aug 2012960 +92.00 +10.60
Jul 2012868 +48.00 +5.85
Jun 2012820 -105.00 -11.35
May 2012925 -63.00 -6.38
Apr 2012988 -20.00 -1.98
Mar 20121008 +24.00 +2.44
Feb 2012984 +29.00 +3.04
Jan 2012955 +35.00 +3.80

MGO   Singapore  Singapore (SG) 
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