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- Fuel and Freight Daily Report - 6/13/25
06/15/2025
All pricing reflects end-of-day settlements from June 12th, 2025
Published by Liquidity Energy LLC
Futures Market Settles
Front Month Settlements:
WTI (Jul): $68.15 ▲ $3.17
Brent (Aug): $69.77 ▲ $2.90
RBOB (Jul): $2.1668 ▲ 7.88¢
ULSD (HO Jul): $2.2053 ▲ 6.37¢
Key Spreads & Cracks
HO/Brent (Aug): $22.40 ▼ 7¢
RB/Brent (Aug): $20.51 ▲ 33¢
HO/WTI Crack (Jul): $24.47 ▼ 49¢
HOGO (July Futures): +13.20¢ ▼ 0.55¢
HOGO Swaps:
• July '25: +13.15¢ ▼ 0.05¢
• August '25: +13.95¢ ▲ 0.05¢
• Q3 '25: +13.65¢ ▼ 0.05¢
• Q4 '25: +15.05¢ ▬
ULSD & Jet Physical Market Settles (LT & ME Contracts)
Colonial Pipeline Differentials:
ULSD 62g (C30): -7.10¢
Jet Fuel 54g (C31): -17.00¢
LT (ULSD) CME Blocks:
• BALMO: -7.10¢
• Q3 ’25 Avg: -7.03¢
• Q4 ’25 Avg: -9.58¢
ME (Jet) CME Blocks:
• BALMO: -17.00¢
• Q3 ’25 Avg: -16.58¢
• Q4 ’25 Avg: -20.23¢
RIN Futures – December 2025 Settlements
D6 (Ethanol): $0.9300 ▼ $0.0225
D4 (Biodiesel): $1.0000 ▼ $0.0250
D5 (Advanced): $1.0100 ▼ $0.0025
D3 (Cellulosic): $2.2600 ▼ $0.0050
Freight Market Summary
Clean Tankers:
USGC clean market remains oversupplied. Rates showed slight weakness despite occasional spot fixing to South America. Market remains soft and in charterers' favor.
Crude Tankers:
Some strength seen on VLCC East routes amid firmer demand from South Korea. However, Atlantic basin rates were flat. Arb window still closed.
Pipeline & Terminals:
No significant operational issues. Line space still allocated for second half June. Spreads compressed slightly with stronger gasoline cracks.
LNG Shipping:
Charter rates remain firm into mid-July. Demand led by Atlantic Basin. Spot market activity rising with mild weather forecasts.
Market Signals to Watch
• Gasoline and diesel both surged, lifting cracks significantly
• RINs pulled back after multi-session rally — possible retracement in play
• HO/WTI crack weakens despite strong HO settle — crude strength gaining
• Freight market still balanced, but macro weakness could shift sentiment
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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.
Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC