- Fuel and Freight Daily Report
- Posts
- Fuel and Freight Daily Update - 6/17/25
08/01/2025
All pricing reflects end-of-day settlements from June 16, 2025
Published by Liquidity Energy LLC
Futures Market Settles
Front Month Settlements:
• WTI (Jul): $71.77 ▼ $1.21
• Brent (Aug): $73.23 ▼ $1.00
• RBOB (Jul): $2.2199 ▼ 0.77¢
• ULSD (HO Jul): $2.3933 ▲ 3.46¢
Key Spreads & Cracks
Key Spreads & Cracks
• HO/Brent (Aug): $26.46 ▲ $2.39
• RB/Brent (Aug): $19.43 ▲ $0.69
• HO/WTI Crack (Jul): $28.75 ▲ $2.66
• HOGO (July Futures): +15.70¢ ▲ 1.55¢
HOGO Swaps
HOGO Swaps
• July '25: +16.10¢ ▲ 1.85¢
• August '25: +17.35¢ ▲ 2.00¢
• Q3 '25: +17.00¢ ▲ 1.80¢
• Q4 '25: +18.55¢ ▲ 1.50¢
ULSD & Jet Physical Market Settles (LT & ME Contracts)
ULSD & Jet Physical Market Settles (LT & ME Contracts)
Colonial Pipeline Differentials:
• ULSD 62g (C30): -7.40¢
• Jet Fuel 54g (C31): -18.50¢
LT (ULSD) CME Blocks:
• BALMO: -7.50¢
• Q3 ’25 Avg: -7.26¢
• Q4 ’25 Avg: -10.15¢
ME (Jet) CME Blocks:
• BALMO: -22.00¢
• Q3 ’25 Avg: -18.42¢
• Q4 ’25 Avg: -22.05¢
RIN Futures
RIN Futures – December 2025 Settlements
• D6 (Ethanol): $1.2100 ▲ $0.1200
• D4 (Biodiesel): $1.3000 ▲ $0.1350
• D5 (Advanced): $1.1000 ▲ $0.0600
• D3 (Cellulosic): $2.4000 ▲ $0.1700
Freight Market Summary
Freight Market Summary
Clean Tankers:
Tonnage remains long out of the USGC with limited new Latin demand. A handful of prompt barrels helped clear some overhang.
Crude Tankers:
Freight held steady as crude retreated slightly. July charter programs are progressing but remain light for long-haul fixtures.
Pipeline & Terminals:
Colonial line space stays allocated through July. Differentials remain wide on product strength but no major disruptions.
LNG Shipping:
Atlantic Basin rates continue climbing. July slots nearly fully booked, with fresh demand from Europe adding pressure.
Geopolitical Context
Ongoing tensions in Eastern Europe and the Middle East continue to cast uncertainty over energy logistics. While no immediate disruptions have been reported across key shipping lanes or pipeline corridors, market participants remain cautious. Traders are monitoring the situation closely, particularly regarding potential impacts on maritime security in the Mediterranean and tanker traffic through the Suez and surrounding regions.
Market Signals to Watch
Diesel margins stay robust; distillate cracks widening further
RINs posted strong gains — momentum building on supply concerns
Freight market stable but could tighten on further flat price gains
Brent-WTI spread contraction supporting US exports
Enjoyed this article?
Subscribe to never miss an issue. Daily updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.
Click below to view our other newsletters on our website:
Disclaimer
The Coolidge Report is published by Coolidge Shop LLC and is intended for informational purposes only. This report does not constitute trading recommendations, financial advice, or an offer to buy or sell any commodity. While efforts are made to ensure accuracy, Coolidge Shop LLC makes no warranties regarding completeness or reliability. Coolidge Shop LLC is not registered as a Commodity Trading Advisor (CTA) with the CFTC, and this report should not be interpreted as a solicitation to engage in futures or derivatives trading.
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