- Fuel and Freight Daily Report
- Posts
- Fuel and Freight Daily Update - 10/28/25
11/05/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from October 27th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Dec) | $61.31 | ▼ 0.19 |
Brent Final Day (Dec) | $65.62 | ▼ 0.32 |
RBOB (Nov) | $1.9204 | ▼ 0.0023 |
ULSD (Nov) | $2.4361 | ▲ 0.0300 |
Ethanol CU (Oct) | $1.8400 | (FLAT) |
Spread | Value | Change |
|---|---|---|
HO/Brent (Dec) | $35.60 | ▲ 1.61 |
RB/Brent (Dec) | $12.75 | ▲ 0.21 |
HO/WTI Crack (Dec) | $39.91 | ▲ 1.48 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C62): -7.75
Jet Fuel 54g (C62): -11.25
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0100 | ▲ 0.0125 |
D4 (Biodiesel) | $1.0176 | ▼ 0.0106 |
D5 (Advanced) | $1.0000 | ▲ 0.0025 |
D3 (Cellulosic) | $2.3900 | ▼ 0.0350 |
Freight Market Summary
Clean Tankers – The U.S. Gulf clean tanker market remains soft. Despite steady export flows into Latin America and the East Coast, prompt vessel availability continues to outweigh demand. Owners are still pricing aggressively to remain competitive, with pressure persisting as we head into November.
Crude Tankers – VLCCs continue to reroute via the Cape of Good Hope, maintaining longer voyages and tying up capacity. This structural inefficiency has kept rate floors intact, but limited fixture activity and muted demand suggest the segment is vulnerable to downside if volumes don’t increase soon.
LNG Shipping – LNG freight in the Atlantic remains tight. Spot vessel availability is constrained, and seasonal weather risk continues to stretch voyage durations. Rates are holding firm, with charterers remaining active on forward coverage as winter approaches.
Freight Outlook – The freight market remains bifurcated. Crude and LNG segments are structurally supported by routing constraints and tight tonnage. In contrast, clean tankers are under continued pressure from oversupply and stagnant demand. Without an end-of-month demand lift or new export programs, weakness in clean products may carry over into early November.
Enjoyed this article?
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