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- Fuel and Freight Daily Update - 10/15/25
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10/15/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from October 14th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Nov) | $58.70 | ▼ 0.79 |
Brent Final Day (Dec) | $62.39 | ▼ 0.93 |
RBOB (Nov) | $1.8286 | ▼ 0.0152 |
ULSD (Nov) | $2.1976 | ▼ 0.0521 |
Ethanol CU (Oct) | $1.8300 | ▼ 0.0250 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Dec) | $29.01 | ▼ 1.08 |
RB/Brent (Dec) | $12.47 | ▲ 0.29 |
HO/WTI Crack (Nov) | $33.60 | ▼ 1.40 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C60): -7.25
Jet Fuel 54g (C60): -10.75
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0315 | ▲ 0.0215 |
D4 (Biodiesel) | $1.0615 | ▲ 0.0215 |
D5 (Advanced) | $1.0388 | ▲ 0.0163 |
D3 (Cellulosic) | $2.3575 | ▲ 0.0075 |
Freight Market Summary
Clean Tankers – The U.S. Gulf clean tanker market remains under heavy pressure. The list of prompt tonnage continues to swell, forcing owners to discount more aggressively to secure stems. Support from Latin America and East Coast flows helps, but not enough to reverse the overall weakness.
Crude Tankers – VLCCs continue the established routing via the Cape of Good Hope, locking in tonnage and providing some underlying support for long‑haul rates. Demand remains soft, and fixture activity is light, leaving limited room for upside without a demand surprise.
LNG Shipping – Freight in the Atlantic Basin remains tight. Vessel availability is constrained, and risk‑averse routing due to seasonal or geopolitical concerns is stretching voyage times. This keeps markets skewed in favor of owners, with downside limited unless chartering declines.
Outlook & Key Takeaway – The bifurcation in freight market strength persists: crude and LNG are propped up by structural inefficiencies and tight tonnage, while clean tankers continue to struggle amid oversupply and weak cargo demand. Without stronger export programs or unexpected demand shifts, clean rates are likely to remain under pressure heading into next week.
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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