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- Fuel and Freight Daily Update - 1/13/26
01/13/2026
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from January 12th, 2026
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Feb) | $59.50 | ▲ 0.38 |
Brent Final Day (Mar) | $63.87 | ▲ 0.53 |
RBOB (Feb) | $1.7938 | ▲ 0.0132 |
ULSD (Feb) | $2.1544 | ▲ 0.0194 |
Ethanol CU (Jan) | $1.5850 | ▲ 0.0050 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Mar) | $26.36 | ▲ 0.26 |
RB/Brent (Mar) | $12.65 | ▲ 0.16 |
HO/WTI Crack (Feb) | $30.98 | ▲ 0.43 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C05): -8.65
Jet Fuel 54g (C06): -16.75
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.1325 | ▲ 0.0225 |
D4 (Biodiesel) | $1.2210 | ▲ 0.0335 |
D5 (Advanced) | $1.2085 | ▲ 0.0335 |
D3 (Cellulosic) | $2.3515 | ▲ 0.0025 |
Freight Market Summary
Clean Tankers:
Clean-product tanker markets remain under pressure. Prompt tonnage availability in the U.S. Gulf and other export hubs continues to exceed cargo demand, keeping lists long. While inquiry levels are slowly improving post-holiday, fixture volume remains light and insufficient to tighten the market. Owners continue to compete aggressively on rates to secure early-January stems, and sentiment remains cautious.
Crude Tankers:
Crude freight remains stable with structural support. A meaningful share of VLCC and Suezmax tonnage is still tied up on long-haul or extended voyages, constraining effective supply. Although spot demand remains muted, these supply-side dynamics continue to underpin rate floors across major long-haul routes. Near-term upside appears limited without a pickup in cargo programs.
LNG Shipping:
LNG freight remains firm. Winter demand continues to absorb vessel availability, particularly in the Atlantic Basin, and longer voyage durations are keeping ships committed. Charterers remain active securing both prompt and forward cover, allowing owners to maintain pricing leverage despite relatively thin mid-January liquidity.
Dry Bulk & General Freight:
Dry-bulk markets are mixed as global trade activity continues to normalize. Some commodity corridors are seeing modest improvement, while container and general cargo markets remain pressured by excess capacity and uneven demand. Rate momentum remains limited across most lanes.
Overall Outlook:
Freight markets remain clearly bifurcated. Crude and LNG shipping continue to benefit from structural tightness and seasonal support, while clean-product tanker and container markets face ongoing headwinds from oversupply and slow cargo recovery. A more decisive shift in market direction will likely depend on the pace of demand normalization through the second half of January.
Disclaimer
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