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- Fuel and Freight Daily Update - 7/14/25
08/02/2025
All pricing reflects end‑of‑day settlements from July 11th, 2025
Futures Market Settles
WTI (Aug): $68.45 ▲ 1.88
Brent (Sept): $70.36 ▲ 1.72
RBOB (Aug): $2.1870 ▲ 0.0346
ULSD (HO Aug): $2.4474 ▲ 0.0639
Key Spreads & Cracks
HO/Brent (Sept): $31.738 ▲ 1.16
RB/Brent (Sept): $19.67 ▼ 0.29
HO/WTI Crack (Aug): $34.34 ▲ 0.80
ULSD & Jet Physical Market Settles (LT & ME Contracts)
Colonial Pipeline Differentials:
ULSD 62g (C41): -6.60
Jet Fuel 54g (C42): -24.00
LT (ULSD) CME Blocks:
BALMO: -8.25
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: -24.13
Q4 ’25 Avg: -22.46
Q1 ’26 Avg: -20.75
Q2 ’26 Avg: -18.08
Q3 ’26 Avg: -17.92
RIN Futures
RIN Futures (Dec ’25)
D6 (Ethanol): $1.1225 ▲ 0.0150
D4 (Biodiesel): $1.19 (flat)
D5 (Advanced): $1.1725 (flat)
D3 (Cellulosic): $2.1600 (flat)
Freight Market Summary
Clean Tankers:
Tanker availability remains elevated along the U.S. Gulf, but steady cargo demand toward Latin America and the East Coast is keeping rates from collapsing. Shipowners are still building in voyage risk and time premiums, stabilizing pricing despite high supply.
Crude Tankers:
VLCCs continue avoiding Middle East chokepoints, taking the Cape of Good Hope route instead. These extended voyages are tightening global availability and supporting firm rates, especially on Asia-bound routes.
LNG Shipping:
Atlantic LNG freight rates remain firm as limited vessel supply and cautious routing keep availability tight. Avoidance of high-risk areas is prolonging trip cycles and pressuring spot supply.
Geopolitical & Routing Watch:
Flows through the Strait of Hormuz and the Red Sea remain subdued. Vessel owners continue to favor longer but safer paths, especially via the Cape. These choices are reinforcing longer delivery timelines and elevated insurance premiums.
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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