- Fuel and Freight Daily Report
- Posts
- Fuel and Freight Daily Update - 11/5/25
In partnership with
11/05/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from November 4th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Dec) | $60.56 | ▼ 0.49 |
Brent Final Day (Jan) | $64.44 | ▼ 0.45 |
RBOB (Dec) | $1.9228 | ▲ 0.0067 |
ULSD (Dec) | $2.4446 | ▲ 0.0393 |
Ethanol CU (Nov) | $1.7550 | ▲ 0.0300 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Jan) | $36.68 | ▲ 1.79 |
RB/Brent (Jan) | $14.49 | ▲ 0.62 |
HO/WTI Crack (Dec) | $42.11 | ▲ 2.14 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C64): -9.25
Jet Fuel 54g (C64): -17.00
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0010 | ▼ 0.0085 |
D4 (Biodiesel) | $1.0074 | ▼ 0.0076 |
D5 (Advanced) | $0.9975 | ▲ 0.0025 |
D3 (Cellulosic) | $2.4000 | (FLAT) |
Freight Market Summary
Clean Tankers – The U.S. Gulf clean‑product tanker market is under continued strain. Vessel availability remains high, especially prompt tonnage, and export flows to Latin America and the U.S. East Coast are steady but insufficient to absorb the surplus. Owners are under pressure and discounting remains a feature.
Crude Tankers – Long‑haul crude routes continue to benefit from structural support through longer voyages (via reroutes, avoiding chokepoints) which tie up tonnage and underpin rate floors. Fixture activity remains moderate, and while upside is limited, downside risk is presently contained.
LNG Shipping – The Atlantic Basin LNG freight market remains tight. Vessel supply is constrained, voyage durations remain elongated due to routing and seasonal factors, and charterers are actively covering into winter. Owners retain leverage and the market shows limited immediate downside.
Overall Outlook – The split in the freight market remains clear: crude and LNG markets are structurally supported by supply‑side constraints and longer voyages, whereas clean product tanker markets continue to face oversupply and muted demand. Unless cargo flows pick up meaningfully, clean tanker rates appear likely to stay under pressure in the near term.
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
If you work in fintech or finance, you already have too many tabs open and not enough time.
Fintech Takes is the free newsletter senior leaders actually read. Each week, we break down the trends, deals, and regulatory moves shaping the industry — and explain why they matter — in plain English.
No filler, no PR spin, and no “insights” you already saw on LinkedIn eight times this week. Just clear analysis and the occasional bad joke to make it go down easier.
Get context you can actually use. Subscribe free and see what’s coming before everyone else.