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- Fuel and Freight Daily Update - 7/11/25
09/16/2025
All pricing reflects end‑of‑day settlements from July 10th, 2025
Futures Market Settles
WTI (Aug): $66.57 ▼ 1.81
Brent (Sept): $68.64 ▲ 1.55
RBOB (Aug): $2.1524 ▼ 0.0326
ULSD (HO Aug): $2.3835 ▼ 0.0257
Key Spreads & Cracks
HO/Brent (Sept): $30.578 ▼ 0.802
RB/Brent (Sept): $19.96 ▼ 0.07
HO/WTI Crack (Aug): $33.54 ▲ 0.73
ULSD & Jet Physical Market Settles (LT & ME Contracts)
Colonial Pipeline Differentials:
ULSD 62g (C41): -6.40
Jet Fuel 54g (C42): -24.75
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: -23.63
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): $1.1075 ▲ 0.0225
D4 (Biodiesel): $1.19 ▲ 0.0225
D5 (Advanced): $1.1725 ▲ 0.0175
D3 (Cellulosic): $2.1600 ▲ 0.0100
Freight Market Summary
Clean Tankers
The Gulf Coast continues to face a heavy supply of clean tankers, but consistent exports to Latin America and the East Coast are gradually easing the pressure. Freight rates are staying steady as shipowners factor in extended voyage times and the ongoing need for risk-based routing adjustments.
Crude Tankers
VLCCs are still steering clear of the Strait of Hormuz and Red Sea, locking in the longer route around the Cape of Good Hope. These extended voyages are tightening vessel availability across key global lanes and keeping rate sentiment strong, particularly on routes from the Middle East into Asia.
LNG Shipping
Spot LNG rates remain elevated as tight vessel supply and careful risk management continue to define the market. With many carriers avoiding high-risk areas, longer roundtrips are stretching fleet capacity and keeping upward pressure on pricing—especially in the Atlantic basin.
Geopolitical & Routing Update
Traffic patterns through Hormuz and the Suez remain subdued. Shipowners are favoring longer, safer alternatives as a default strategy. This rerouting continues to add costs and delays across the supply chain, reinforcing a freight environment shaped more by caution 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