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- Fuel and Freight Daily Update - 10/3/25
10/03/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from October 2nd, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Nov) | $60.48 | ▼ 1.30 |
Brent Final Day (Dec) | $64.11 | ▼ 1.24 |
RBOB (Nov) | $1.8510 | ▼ 0.0349 |
ULSD (Oct) | $2.2435 | ▼ 0.0584 |
Ethanol CU (Oct) | $2.01500 | ▲ 0.0525 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Dec) | $29.57 | ▼ 0.92 |
RB/Brent (Nov) | $11.76 | ▼ 0.21 |
HO/WTI Crack (Nov) | $33.75 | ▼ 1.15 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C58): -6.35
Jet Fuel 54g (C58): -14.25
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $0.9900 | ▲ 0.0151 |
D4 (Biodiesel) | $1.0250 | ▲ 0.0151 |
D5 (Advanced) | $1.0025 | ▲ 0.0175 |
D3 (Cellulosic) | $2.2625 | ▲ 0.0125 |
Freight Market Summary
• Clean Tankers – U.S. Gulf remains heavy on available tonnage, leaving owners struggling to defend rates. Latin America and U.S. East Coast demand is offering some limited support, but oversupply keeps sentiment soft.
• Crude Tankers – VLCCs continue to route via the Cape of Good Hope, avoiding chokepoints and extending voyages. This detour is keeping tonnage tied up, holding long-haul rates firm despite muted underlying demand.
• LNG Shipping – Spot availability in the Atlantic Basin is tight. Seasonal weather concerns and risk-averse routing are lengthening voyages, keeping freight levels elevated and the market vulnerable to upside if additional demand emerges.
• Overall Tone – Structural rerouting and congestion premiums are maintaining a pricing floor across sectors. Conditions remain balanced but fragile, with owners cautious as supply and demand shifts unfold.
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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