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- Fuel and Freight Daily Update - 10/17/25
10/19/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from October 16th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Nov) | $57.46 | ▼ 0.81 |
Brent Final Day (Dec) | $61.06 | ▼ 0.85 |
RBOB (Nov) | $1.8117 | ▼ 0.0227 |
ULSD (Nov) | $2.1535 | ▼ 0.0228 |
Ethanol CU (Oct) | $1.8200 | ▼ 0.0750 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Dec) | $28.66 | ▼ 0.07 |
RB/Brent (Dec) | $12.88 | ▼ 0.15 |
HO/WTI Crack (Nov) | $332.99 | ▼ 0.08 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C60): -8.35
Jet Fuel 54g (C61): -13.25
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0545 | ▲ 0.0095 |
D4 (Biodiesel) | $1.0850 | ▲ 0.0100 |
D5 (Advanced) | $1.0675 | ▲ 0.0050 |
D3 (Cellulosic) | $2.3800 | ▲ 0.0150 |
Freight Market Summary
Clean Tankers – The U.S. Gulf clean tanker market remains under strain. Prompt vessel availability is still excessive, forcing owners to continue discounting to secure cargoes. Export demand via Latin America and the East Coast offers modest relief, but the imbalance persists and sentiment remains weak.
Crude Tankers – VLCCs continue routing via the Cape of Good Hope, sustaining longer voyages and tying up fleet tonnage. That structural constraint helps maintain a floor under long‑haul rates, even though cargo volumes are muted and owners are cautious about pushing rate ideas too aggressively.
LNG Shipping – Freight in the Atlantic Basin continues to tighten. With spot vessel supply limited and voyage durations extended by risk‑averse routing and seasonal pressures, rates remain elevated. Owners retain leverage, and downside remains constrained absent a drop in chartering activity.
Overall Outlook – Structural inefficiencies and routing detours continue to underpin crude and LNG freight segments. Meanwhile, clean tankers face ongoing headwinds from oversupply and soft demand. Without a rebound in export programs or new demand drivers, the clean segment is likely to see continued softness in the near term.
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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