Fuel and Freight Daily Update - 1/15/26

Liquidity Energy, LLC

01/15/2026

Futures Market Settles (Front Month)

All prices reflect end-of-day settlements from January 14th, 2026

Instrument

Settlement

Change

WTI Future (Feb)

$62.02

▲ 0.87

Brent Final Day (Mar)

$66.52

▲ 1.05

RBOB (Feb)

$1.8304

▲ 0.0039

ULSD (Feb)

$2.2819

▲ 0.0435

Ethanol CU (Jan)

$1.5850

▲ 0.0050

Spread

Value

Change

HO/Brent (Mar)

$28.81

▲ 0.75

RB/Brent (Mar)

$11.62

▼ 0.85

HO/WTI Crack (Feb)

$33.82

▲ 0.96

ULSD & Jet Physical Market Settles

Colonial Pipeline Differentials (USGC):

  • ULSD 62g (C05): -8.65

  • Jet Fuel 54g (C07): -14.25

Type

Price

Change

D6 (Ethanol)

$1.1428

▲ 0.0003

D4 (Biodiesel)

$1.2185

▼ 0.0090

D5 (Advanced)

$1.2075

▼ 0.0075

D3 (Cellulosic)

$2.3840

▼ 0.0025

Freight Market Summary

Clean Product Tankers: Still under pressure. Prompt tonnage remains long in the U.S. Gulf and other export hubs, with cargo demand slow to normalize post-holiday. Owners continue to compete on rates to keep vessels moving, and sentiment remains cautious in the near term.

Crude Tankers: Crude freight is steady with a supportive undertone. A meaningful portion of VLCC and Suezmax tonnage remains tied up on long-haul or extended voyages, limiting effective supply. While spot demand isn’t accelerating, these structural constraints continue to underpin rate floors.

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. Owners retain pricing leverage as charterers secure prompt and forward cover.

Dry Bulk & Containers: Mixed conditions persist. Some bulk commodity lanes are showing modest improvement, but container and general cargo markets remain pressured by excess capacity and uneven global trade flows.

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