Fuel and Freight Daily Update - 12/17/25

Liquidity Energy, LLC

In partnership with

12/20/2025

Futures Market Settles (Front Month)

All prices reflect end-of-day settlements from December 16th, 2025

Instrument

Settlement

Change

WTI Future (Jan)

$55.27

▼ 1.55

Brent Final Day (Feb)

$58.92

▼ 1.64

RBOB (Jan)

$1.6809

▼ 0.0514

ULSD (Jan)

$2.1286

▼ 0.0520

Ethanol CU (Dec)

$1.6250

(FLAT)

Spread

Value

Change

HO/Brent (Feb)

$30.11

▼ 0.60

RB/Brent (Feb)

$11.86

▼ 0.56

HO/WTI Crack (Jan)

$34.13

▼ 0.63

ULSD & Jet Physical Market Settles

Colonial Pipeline Differentials (USGC):

  • ULSD 62g (C72): -15.50

  • Jet Fuel 54g (C01): -25.00

Type

Price

Change

D6 (Ethanol)

$1.0425

▼ 0.0200

D4 (Biodiesel)

$1.0925

▼ 0.0250

D5 (Advanced)

$1.0800

▼ 0.0250

D3 (Cellulosic)

$2.3640

▼ 0.0025

Freight Market Summary

Freight Market Summary

Clean Tankers:
Clean-product tanker markets remain under pressure as year-end inactivity continues to limit spot demand. Tonnage availability in the U.S. Gulf and other key export regions remains long, with few fresh stems entering the market. Owners are still discounting to secure employment, and sentiment remains weak heading into the final days of pre-holiday trading.

Crude Tankers:
Crude freight remains steady with a supportive undertone. A sizable portion of VLCC and Suezmax tonnage is tied up on long-haul or extended voyages, keeping effective supply constrained. While spot demand is quiet, this structural tightness continues to support rate floors on major long-haul routes.

LNG Shipping:
LNG freight remains firm. Winter demand continues to absorb vessel availability, particularly in the Atlantic Basin. Longer voyage durations and forward chartering activity are keeping ships committed, allowing owners to maintain pricing leverage despite broader seasonal slowdowns.

Dry Bulk & General Freight:
Dry-bulk markets are mixed but generally stable in core commodity lanes. Container and general cargo markets remain under pressure from excess capacity and uneven global trade flows. Seasonal support remains limited and highly route-specific.

Overall Outlook:
Freight markets remain bifurcated. Crude and LNG shipping continue to benefit from structural and seasonal support, while clean-product and container segments face ongoing headwinds from oversupply and weak demand. With the year-end slowdown firmly underway, any material recovery in softer markets is likely deferred until post-holiday activity resumes.

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

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