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- Fuel and Freight Daily Update - 7/15/25
08/02/2025
All pricing reflects end‑of‑day settlements from July 14th, 2025
Futures Market Settles
WTI (Aug): $66.98 ▼ 1.47
Brent (Sept): $69.21 ▼ 1.15
RBOB (Aug): $2.1654 ▼ 0.0216
ULSD (HO Aug): $2.3898 ▼ 0.0576
Key Spreads & Cracks
HO/Brent (Sept): $30.970 ▲ 0.768
RB/Brent (Sept): $20.04 ▲ 0.37
HO/WTI Crack (Aug): $33.39 ▲ 0.95
ULSD & Jet Physical Market Settles (LT & ME Contracts)
Colonial Pipeline Differentials:
ULSD 62g (C41): -7.00
Jet Fuel 54g (C42): -23.00
LT (ULSD) CME Blocks:
BALMO: -8.25
Q4 ’25 Avg: -10.08
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: -22.21
Q1 ’26 Avg: -20.75
Q2 ’26 Avg: -18.08
Q3 ’26 Avg: -17.92
RIN Futures
RIN Futures (Dec ’25)
D6 (Ethanol): $1.1400 ▲ 0.0175
D4 (Biodiesel): $1.2060 ▲ 0.0160
D5 (Advanced): $1.1900 ▲ 0.0175
D3 (Cellulosic): $2.1700 ▲ 0.0100
Freight Market Summary
Clean Tankers:
Clean product tanker supply along the U.S. Gulf remains elevated, but steady cargo demand to Latin America and the East Coast is gradually easing the oversupply. Shipowners continue to account for voyage delays and rerouting as standard practice, keeping rates relatively steady even in the face of high vessel availability.
Crude Tankers:
VLCCs are still avoiding the Red Sea and Strait of Hormuz, sticking to the Cape of Good Hope route. This longer journey is tightening global tonnage and supporting firm rates on long-haul routes—particularly Middle East to Asia lanes where demand remains consistent.
LNG Shipping:
LNG freight continues to hold firm. Limited vessel availability and extended voyage times due to risk-avoidant routing strategies are keeping spot rates supported. Atlantic basin demand remains a key factor driving tightness in the market.
Geopolitical & Routing Conditions:
No major changes today—routing continues to reflect a defensive posture. Hormuz and Suez transits remain light, with many vessels defaulting to the longer but safer Cape of Good Hope. This trend reinforces longer delivery timelines and higher operating costs across tanker sectors.
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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