Fuel and Freight Daily Report June 9, 2025

Liquidity Energy, LLC

Author

Nicholas Coolidge
June 10, 2025

June 9, 2025 ULSD & Jet Physical Market Settles (LT & ME Contracts)

Colonial Pipeline Differentials:

  • ULSD 62g (C30): -7.05¢

  • Jet Fuel 54g (C31): -16.43¢

LT (ULSD) CME Blocks:

  • BALMO: -7.05¢

  • Q3 ’25 Avg: -7.07¢

  • Q4 ’25 Avg: -9.74¢

ME (Jet) CME Blocks:

  • BALMO: -16.43¢

  • Q3 ’25 Avg: -16.10¢

  • Q4 ’25 Avg: -20.00¢

RIN Futures – December 2025 Settlements

  • D6 (Ethanol): $0.9350 ▲ $0.0350

  • D4 (Biodiesel): $1.005▲ $0.0400

  • D5 (Advanced): $0.9700 ▲ $0.0150

  • D3 (Cellulosic): $2.2450  ▼ $0.0250

Freight Market Summary

Freight Market Summary

Clean Tankers: USGC remains tonnage-heavy with persistent oversupply into Latin America. A few prompt barrels picked up, but overall sentiment is steady to soft. Charterers remain in control amid plentiful options.

Crude Tankers: Rates held firm as East-West arb remains closed. VLCC and Aframax activity was thin. July program discussions are ongoing with slow progression.

Pipeline & Terminals: Colonial differentials narrowed slightly; line space remains allocated for 2H June. No reported operational disruptions over the weekend.

LNG Shipping: Rates continued to firm slightly with early July charters filling up fast. Atlantic Basin remains the key driver with strong charter interest.

Market Signals to Watch

  • HOGO and cracks moved higher on ULSD strength

  • D6 and D4 RINs continue to rebound - watching for buying follow-through

  • Clean freight stable but vulnerable if product cracks reverse

  • Jet fuel remains rangebound - window relatively quiet

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Disclaimer

The Coolidge Report is published by Coolidge Shop LLC and is intended for informational purposes only. This report does not constitute trading recommendations, financial advice, or an offer to buy or sell any commodity. While efforts are made to ensure accuracy, Coolidge Shop LLC makes no warranties regarding completeness or reliability. Coolidge Shop LLC is not registered as a Commodity Trading Advisor (CTA) with the CFTC, and this report should not be interpreted as a solicitation to engage in futures or derivatives trading.

This article and its contents are provided by Liquidity Energy, LLC ("The Firm") for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

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