- Fuel and Freight Daily Report
- Posts
- Fuel and Freight Daily Update - 10/10/25
In partnership with
10/10/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from October 9th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Nov) | $61.51 | ▼ 1.04 |
Brent Final Day (Dec) | $65.22 | ▼ 1.03 |
RBOB (Nov) | $1.8826 | ▼ 0.0269 |
ULSD (Nov) | $2.2803 | ▼ 0.0110 |
Ethanol CU (Oct) | $1.9400 | ▼ 0.0500 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Dec) | $30.11 | ▲ 0.28 |
RB/Brent (Dec) | $11.92 | ▼ 0.01 |
HO/WTI Crack (Nov) | $34.26 | ▲ 0.58 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C59): -5.75
Jet Fuel 54g (C59): -13.00
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0125 | ▼ 0.0110 |
D4 (Biodiesel) | $1.0440 | ▼ 0.0120 |
D5 (Advanced) | $1.0300 | ▼ 0.0175 |
D3 (Cellulosic) | $2.3350 | ▼ 0.0050 |
Freight Market Summary
Clean Tankers – The U.S. Gulf clean tanker market continues to face oversupply, with a deep list of prompt ships chasing limited cargo. Export flows to Latin America and the East Coast persist, but rate pressure is intensifying as owners cut offers to stay competitive. Sentiment remains bearish without fresh demand.
Crude Tankers – VLCCs are still favoring the Cape of Good Hope route, extending tonnage commitment and supporting long-haul earnings. While Middle East inquiry is steady, overall activity is light. Freight levels remain stable, but further upside may require a shift in fundamentals.
LNG Shipping – LNG freight in the Atlantic remains firm. Vessel availability is thin, and seasonal risk factors are increasing as colder weather patterns approach. Delays and extended voyages are keeping rates elevated, and charterers remain cautious on forward coverage.
Market Overview – Structural constraints in crude and LNG are continuing to provide rate support, while the clean market stays under pressure from an oversupplied tonnage list and stagnant demand. Without a lift in export activity, clean tanker weakness is likely to persist into mid-month.
Enjoyed this article?
Subscribe to never miss an issue. Daily updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.
Click below to view our other newsletters on our website:
Looking for unbiased, fact-based news? Join 1440 today.
Join over 4 million Americans who start their day with 1440 – your daily digest for unbiased, fact-centric news. From politics to sports, we cover it all by analyzing over 100 sources. Our concise, 5-minute read lands in your inbox each morning at no cost. Experience news without the noise; let 1440 help you make up your own mind. Sign up now and invite your friends and family to be part of the informed.
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