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- Fuel and Freight Daily Update - 10/14/25
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10/14/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from October 10th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Nov) | $59.49 | ▲ 0.59 |
Brent Final Day (Dec) | $63.32 | ▲ 0.59 |
RBOB (Nov) | $1.8438 | ▲ 0.0234 |
ULSD (Nov) | $2.2497 | ▲ 0.0453 |
Ethanol CU (Oct) | $1.9400 | ▼ 0.0500 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Dec) | $30.09 | ▲ 1.01 |
RB/Brent (Dec) | $12.18 | ▲ 0.32 |
HO/WTI Crack (Nov) | $35.00 | ▲ 1.31 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C59): -6.25
Jet Fuel 54g (C60): -11.00
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0100 | ▲ 0.0075 |
D4 (Biodiesel) | $1.0400 | ▲ 0.0075 |
D5 (Advanced) | $1.0225 | (FLAT) |
D3 (Cellulosic) | $2.3500 | ▲ 0.0200 |
Freight Market Summary
Clean Tankers – The U.S. Gulf clean tanker market is still under pressure. Prompt tonnage remains abundant, and carriers are increasingly aggressive with discounting to land stems. Latin American and East Coast flows provide some outlet, but not enough to relieve the oversupply.
Crude Tankers – VLCCs continue employing the Cape of Good Hope route, absorbing capacity and supporting long‑haul rate floors despite a lack of strong cargo demand. With fixture activity muted, some owners may test softened rate ideas in coming days if demand fails to rebound.
LNG Shipping – Atlantic Basin LNG freight remains tight. Spot vessel availability is thin, and voyage durations are stretched by risk-averse routing and seasonal constraints. The market continues to favor owners, with limited downside potential unless chartering volumes pull back.
Freight Outlook – Structural inefficiencies—rerouted voyages, congestion, and limited flexibility—are still propping up crude and LNG freight. Clean segments, however, face uphill battles with overcapacity and bench‑marked softness in export demand. For now, the market remains bifurcated: resilience in some lanes, weakness in others.
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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