Fujairah 380-cst average up 1.4% in February

Average 380-cst price in February is $13 per tonne higher than in July 2008, when crude reached record highs.



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Updated on 01 Mar 2012 15:48 GMT

The average price of 380-centistoke (cst) fuel oil in Fujairah rose by $10 per tonne, or 1.4 percent, during the month of February, according to Bunker Index price data.

The 380-cst average at the Middle East's leading bunker port increased to $732 per tonne last month, up from $722 per tonne in January.

February's price represents the second consecutive monthly increase with the 380-cst average rising by $55 per tonne since the end of last year. The price is also $13 higher than the $719 per tonne price recorded in July 2008 - a period when crude prices reached record highs, with WTI peaking at $147.27 per barrel on July 11th 2008.

Please find a table below outlining average monthly Fujairah 380-cst prices between April 2008 and February 2012.

Month Average ($/mt) Low High
Feb 12 732 708.00 755.00
Jan 12 722 694.00 732.00
Dec 11 677 654.00 693.00
Nov 11 687 658.00 716.00
Oct 11 659 629.00 685.00
Sep 11 654 630.00 675.00
Aug 11 666 640.00 699.00
Jul 11 672 639.00 697.00
Jun 11 650 624.00 675.00
May 11 646 619.00 685.00
Apr 11 676 655.00 688.00
Mar 11 635 616.00 648.00
Feb 11 621 575.00 665.00
Jan 11 540 517.00 574.00
Dec 10 503 488.00 514.00
Nov 10 487 468.00 510.00
Oct 10 472 460.00 483.00
Sep 10 443 436.00 455.00
Aug 10 452 434.50 475.00
Jul 10 440 418.00 456.00
Jun 10 441 428.00 456.00
May 10 460 419.00 500.00
Apr 10 482 466.00 500.00
Mar 10 466 453.00 482.00
Feb 10 458 437.50 477.00
Jan 10 479 453.00 507.00
Dec 09 461 440.00 486.00
Nov 09 463 446.50 473.00
Oct 09 442 418.00 462.00
Sep 09 432 414.00 448.00
Aug 09 443 426.00 462.00
Jul 09 405 378.00 434.00
Jun 09 405 392.00 421.00
May 09 342 292.00 385.00
Apr 09 287 252.00 303.00
Mar 09 242 225.00 269.00
Feb 09 256 239.00 275.00
Jan 09 257 229.00 278.00
Dec 08 224 208.00 255.00
Nov 08 240 208.00 288.00
Oct 08 407 281.00 557.00
Sep 08 597 514.00 709.00
Aug 08 688 635.00 734.00
Jul 08 719 675.00 765.00
Jun 08 628 561.00 686.00
May 08 585 540.00 640.00
Apr 08 530 500.00 556.00