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- Fuel and Freight Daily Update - 10/16/25
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10/18/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from October 15th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Nov) | $58.27 | ▼ 0.43 |
Brent Final Day (Dec) | $61.91 | ▼ 0.48 |
RBOB (Nov) | $1.8344 | ▼ 0.0058 |
ULSD (Nov) | $2.1748 | ▼ 0.0228 |
Ethanol CU (Oct) | $1.8300 | ▼ 0.0250 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Dec) | $28.73 | ▼ 0.28 |
RB/Brent (Dec) | $13.02 | ▲ 0.56 |
HO/WTI Crack (Nov) | $33.07 | ▼ 0.53 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C60): -6.25
Jet Fuel 54g (C60): -13.75
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0450 | ▲ 0.0135 |
D4 (Biodiesel) | $1.0750 | ▲ 0.0135 |
D5 (Advanced) | $1.0625 | ▲ 0.0237 |
D3 (Cellulosic) | $2.3650 | ▲ 0.0075 |
Freight Market Summary
Clean Tankers – The clean tanker market in the U.S. Gulf remains under pressure. Prompt tonnage is still deep, and owners are offering increasingly aggressive discounts to land cargoes. Latin American and East Coast flows provide some relief, but not enough to reverse the weakness.
Crude Tankers – VLCCs persist with the Cape of Good Hope route, maintaining longer voyages and tying up tonnage. That structural inefficiency continues to support long‑haul rates, although fixture activity is cautious until better demand signals appear.
LNG Shipping – The Atlantic Basin LNG freight market remains tight. Scarce spot vessel availability and extended routing due to risk avoidance and seasonal congestion are helping maintain elevated rate levels. The balance still favors owners, barring a pullback in chartering.
Market Outlook – Crude and LNG sectors continue to benefit from routing constraints and tight supply. The clean segment, however, is challenged by oversupply and weak demand fundamentals. Until export programs or downstream demand show meaningful strength, clean tanker rates may stay under downward 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