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- Fuel and Freight Daily Update - 7/10/25
08/01/2025
All pricing reflects end‑of‑day settlements from July 9th, 2025
Futures Market Settles
WTI (Aug): $68.38 ▲ 0.05
Brent (Sept): $70.19 ▲ 0.04
RBOB (Aug): $2.1850 ▼ 0.0029
ULSD (HO Aug): $2.4092 ▼ 0.0321
Key Spreads & Cracks
HO/Brent (Sept): $30.578 ▼ 0.802
RB/Brent (Sept): $20.03 ▲ 0.04
HO/WTI Crack (Aug): $32.81 ▼ 1.39
ULSD & Jet Physical Market Settles (LT & ME Contracts)
Colonial Pipeline Differentials:
ULSD 62g (C40): -6.00
Jet Fuel 54g (C41): -26.00
LT (ULSD) CME Blocks:
BALMO: -7.55
Q4 ’25 Avg: -10.15
Q1 ’26 Avg: -8.61
Q2 ’26 Avg: -6.26
Q3 ’26 Avg: -5.84
ME (Jet) CME Blocks:
BALMO: -25.25
Q4 ’25 Avg: -22.71
Q1 ’26 Avg: -20.75
Q2 ’26 Avg: -18.08
Q3 ’26 Avg: -17.92
RIN Futures
RIN Futures (Dec ’25)
D6 (Ethanol): $1.0850 (flat)
D4 (Biodiesel): $1.1675 (flat)
D5 (Advanced): $1.1550 (flat)
D3 (Cellulosic): $2.1500 ▲ 0.0100
Freight Market Summary
Clean Tankers
The clean tanker market continues to deal with a surplus of ships in the U.S. Gulf, but consistent flows to Latin America and the East Coast are helping reduce the overhang. Shipowners are increasingly building in extra time and cost buffers for delays and longer voyages, keeping rates firm despite the ample availability.
Crude Tankers
Crude carriers are still avoiding high-risk areas like the Strait of Hormuz and the Red Sea, favoring the much longer route around the Cape of Good Hope. These extended journeys are tying up tonnage and supporting global crude freight rates, especially for long-haul Middle East-to-Asia traffic.
LNG Shipping
LNG rates remain elevated, driven by tight vessel supply and the ongoing trend of cautious navigation. Longer voyage times and risk-avoidance strategies are keeping availability low and maintaining upward pressure on spot pricing.
Geopolitical & Routing Conditions
Vessel traffic through key chokepoints remains disrupted. Many ships continue to bypass traditional routes, opting for longer but safer passages. The pattern of rerouting is now the norm, not the exception, adding delays and driving up overall shipping costs. Elevated insurance premiums and cautious fleet behavior are reinforcing a freight environment shaped more by risk mitigation than efficiency.
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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