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- Fuel and Freight Daily Update - 11/14/25
12/29/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from November 13th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Dec) | $58.69 | ▲ 0.20 |
Brent Final Day (Jan) | $63.01 | ▲ 0.30 |
RBOB (Dec) | $1.9597 | ▲ 0.0043 |
ULSD (Dec) | $2.4847 | ▲ 0.0169 |
Ethanol CU (Nov) | $1.8400 | ▲ 0.0050 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Jan) | $37.72 | ▼ 1.95 |
RB/Brent (Jan) | $16.54 | ▼ 0.06 |
HO/WTI Crack (Dec) | $44.83 | ▼ 0.91 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C66): -11.75
Jet Fuel 54g (C66): -25.25
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0140 | ▼ 0.0014 |
D4 (Biodiesel) | $1.0200 | (FLAT) |
D5 (Advanced) | $1.0000 | ▼ 0.0063 |
D3 (Cellulosic) | $2.4300 | ▼ 0.0100 |
Freight Market Summary
Clean Tankers – The U.S. Gulf clean‑product tanker segment remains under pressure. Available prompt tonnage continues to outpace demand from Latin America and the U.S. East Coast, compelling owners to offer deeper discounts. Overall sentiment remains weak as November progresses.
Crude Tankers – Long‑haul crude freight continues to be supported by structural constraints: extended voyages, rerouting around high‑risk zones, and fewer available ships are helping sustain rate floors. However, new fixture activity remains modest, suggesting limited upside without a demand boost.
LNG Shipping – The Atlantic Basin LNG freight market remains tight. Vessel supply is limited, routes are getting stretched due to seasonal/demand factors, and charterers are actively covering forward. The market remains elevated.
Dry Bulk / General Shipping – The broader dry‑bulk market picked up some momentum, with indices rising modestly this week. Even though demand remains patchy, improved buying sentiment and tighter spot availability helped stabilize rates toward week’s end.
Outlook – The freight market remains clearly bifurcated: the crude and LNG sectors hold structural support, while clean product tankers continue facing headwinds from oversupply and tepid export demand. Unless cargo flows accelerate or supply tightens further, pressure on clean tanker rates is likely to persist.
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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