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- Fuel and Freight Daily Update - 7/29/25
08/01/2025
All pricing reflects end‑of‑day settlements from July 28th, 2025
Futures Market Settles
WTI (Sept): $66.71 ▲ 1.55
Brent (Sept): $70.04 ▲ 1.60
RBOB (Aug): $2.1352 ▲ 0.0382
ULSD (HO Aug): $2.4266 ▲ 0.0204
Key Spreads & Cracks
HO/Brent (Sept): $30.91 ▼ 0.57
RB/Brent (Sept): $18.25 ▲ 0.03
HO/WTI Crack (Sept): $34.24 ▼ 0.52
ULSD & Jet Physical Market Settles (LT & ME Contracts)
Colonial Pipeline Differentials:
ULSD 62g (C44): -6.35
Jet Fuel 54g (C45): -25.50
LT (ULSD) CME Blocks:
BALMO: -8.33
Q4 ’25 Avg: -10.62
Q1 ’26 Avg: -8.57
Q2 ’26 Avg: -6.40
Q3 ’26 Avg: -6.30
ME (Jet) CME Blocks:
BALMO: -27.13
Q4 ’25 Avg: -25.75
Q1 ’26 Avg: -20.96
Q2 ’26 Avg: -18.34
Q3 ’26 Avg: -18.96
RIN Futures
RIN Futures (Dec ’25)
D6 (Ethanol): $1.1930 ▼ 0.0095
D4 (Biodiesel): $1.2500 ▼ 0.0125
D5 (Advanced): $1.2500 ▼ 0.0075
D3 (Cellulosic): $2.1750 ▼ 0.0050
Freight Market Summary
Clean Tankers
Tonnage in the U.S. Gulf remains on the heavier side, but rates are still holding up thanks to steady demand into Latin America and the East Coast. Shipowners continue to factor in buffer days for delays and rerouting, keeping rates from slipping despite the oversupply. That said, the balance feels fragile—any slowdown in flows or a quick repositioning of vessels could send rates lower.
Crude Tankers
VLCCs are maintaining their Cape of Good Hope detour, avoiding the Red Sea and Strait of Hormuz entirely. These longer voyages continue to absorb global capacity and support long-haul freight rates, especially from the Middle East to Asia. No routing changes today, and market sentiment stays firm for now.
LNG Shipping
The LNG freight market remains tight. Atlantic basin demand continues to hold strong, and voyage durations are staying extended as risk-averse routing keeps ships out longer. There’s still limited spare tonnage on the spot side, and rates are firm with little sign of easing in the near term.
Routing & Geopolitical
No major changes to shipping behavior. Clean, crude, and LNG vessels continue to prefer the Cape of Good Hope over more direct—but riskier—routes. This longer routing is still adding time, cost, and keeping the market relatively tight.
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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