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- Fuel and Freight Daily Update - 10/13/25
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10/13/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from October 10th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Nov) | $58.90 | ▼ 2.61 |
Brent Final Day (Dec) | $62.73 | ▼ 2.49 |
RBOB (Nov) | $1.8204 | ▼ 0.0622 |
ULSD (Nov) | $2.2044 | ▼ 0.0759 |
Ethanol CU (Oct) | $1.9400 | ▼ 0.0500 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Dec) | $29.08 | ▼ 0.69 |
RB/Brent (Dec) | $11.86 | ▼ 0.10 |
HO/WTI Crack (Nov) | $33.68 | ▼ 0.58 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C59): -6.00
Jet Fuel 54g (C59): -8.50
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0025 | ▼ 0.0100 |
D4 (Biodiesel) | $1.0325 | ▼ 0.0115 |
D5 (Advanced) | $1.0225 | ▼ 0.0075 |
D3 (Cellulosic) | $2.3300 | ▼ 0.0050 |
Freight Market Summary
Clean Tankers – The U.S. Gulf clean market remains oversaturated. A long list of open ships continues to put pressure on rates as owners discount aggressively to secure stems. Demand into Latin America and the East Coast holds steady but isn’t strong enough to clear tonnage. Sentiment remains soft heading into the week.
Crude Tankers – VLCCs continue routing via the Cape of Good Hope, tying up capacity and keeping a floor under long-haul rates. However, fixture activity has been quiet, and owners may begin to test the market with softer rate ideas if demand fails to pick up this week.
LNG Shipping – Atlantic LNG freight remains firm, with limited spot availability and longer voyages due to risk-averse routing and seasonal disruptions. As Q4 progresses, charterers are staying active on forward coverage, supporting elevated rate levels.
Overall Outlook – Crude and LNG segments are structurally supported by routing inefficiencies and tight vessel supply, while clean tankers continue to face mounting pressure from overcapacity and weak export programs. Market tone remains split across sectors.
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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