Fuel and Freight Daily Update - 10/7/25

Liquidity Energy, LLC

In partnership with

10/07/2025

Futures Market Settles (Front Month)

All prices reflect end-of-day settlements from October 2nd, 2025

Instrument

Settlement

Change

WTI Future (Nov)

$61.69

▲ 0.81

Brent Final Day (Dec)

$65.47

▲ 0.94

RBOB (Nov)

$1.9016

▲ 0.0411

ULSD (Nov)

$2.2443

▲ 0.0080

Ethanol CU (Oct)

$1.9900

▼ 0.0250

Spread

Value

Change

HO/Brent (Dec)

$28.40

▼ 0.50

RB/Brent (Dec)

$12.17

▲ 0.51

HO/WTI Crack (Nov)

$32.57

▼ 0.47

ULSD & Jet Physical Market Settles

Colonial Pipeline Differentials (USGC):

  • ULSD 62g (C58): -6.25

  • Jet Fuel 54g (C58): -9.50

OPIS RIN Futures

Type

Price

Change

D6 (Ethanol)

$0.9900

▲ 0.0030

D4 (Biodiesel)

$1.0225

(FLAT)

D5 (Advanced)

$1.0125

▲ 0.0012

D3 (Cellulosic)

$2.2800

▲ 0.0100

Freight Market Summary

• Clean Tankers – Market tone remains heavy in the U.S. Gulf, where prompt availability continues to outpace demand. Activity into the Caribbean and South America is steady, but not aggressive enough to lift sentiment. Rates are under pressure as owners compete for limited stems.

• Crude Tankers – VLCCs continue their Cape of Good Hope routing, absorbing global tonnage and helping maintain firmness in Middle East–Asia lanes. However, with cargo programs softening slightly, owners may see growing resistance on rate ideas if fresh demand doesn’t emerge.

• LNG Shipping – The Atlantic LNG market remains tight, with spot availability low and voyage durations extended. Seasonal weather and port delays are limiting flexibility, supporting a bullish freight backdrop. Any surprise demand could stretch capacity further.

• Overall Market View – Freight rates remain propped up by structural inefficiencies in routing and weather delays. Clean markets remain soft, crude is stable with a bullish undertone, and LNG continues to hold its strength into Q4.

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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