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- Fuel and Freight Daily Update - 7/9/25
08/02/2025
All pricing reflects end‑of‑day settlements from July 8th, 2025
Futures Market Settles
WTI (Aug): $68.33 ▲ 0.40
Brent (Sept): $70.15 ▲ 1.35
RBOB (Aug): $2.1850 ▲ 0.0328
ULSD (HO Aug): $2.4413 ▲ 0.0202
Key Spreads & Cracks
HO/Brent (Sept): $31.38 ▲ 0.371
RB/Brent (Sept): $19.99 ▲ 0.59
HO/WTI Crack (Aug): $34.20 ▲ 0.44
ULSD & Jet Physical Market Settles (LT & ME Contracts)
Colonial Pipeline Differentials:
ULSD 62g (C40): -5.30
Jet Fuel 54g (C41): -26.75
LT (ULSD) CME Blocks:
BALMO: -7.55
Q4 ’25 Avg: -10.28
Q1 ’26 Avg: -8.61
Q2 ’26 Avg: -6.26
Q3 ’26 Avg: -5.84
ME (Jet) CME Blocks:
BALMO: -26.00
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 ▼ 0.0047
D4 (Biodiesel): $1.1675 ▼ 0.0072
D5 (Advanced): $1.1550 ▼ 0.0100
D3 (Cellulosic): $2.1400 ▲ 0.0175
Freight Market Summary
Clean Tankers
The U.S. Gulf still has an overhang of clean product tankers, but a steady flow of cargo heading toward Latin America and the East Coast is helping chip away at the excess. While availability remains high, freight rates are staying supported as longer voyage durations and risk adjustments have become routine considerations in day-to-day operations.
Crude Tankers
VLCCs continue to avoid the Strait of Hormuz and the Red Sea, opting instead for the longer journey around the Cape of Good Hope. This rerouting adds several days to each voyage and continues to tie up tonnage, which is keeping global crude freight rates firm—especially on the Middle East to Asia lanes where demand remains consistent.
LNG Shipping
LNG rates are holding strong as cautious routing and longer trips stretch vessel availability. Operators are still steering clear of high-risk zones, particularly in the Middle East, and this careful planning is keeping spot availability tight. Atlantic basin demand remains a key driver of elevated rates.
Geopolitical & Logistics Snapshot
Shipping patterns remain disrupted as risk management continues to drive routing decisions. Strait of Hormuz transit remains well below normal, with many vessels choosing slower or alternate paths. Similarly, traffic through the Red Sea and Suez Canal is still minimal, with the Cape of Good Hope now serving as the default for many long-haul trips. These detours are extending delivery timelines and keeping insurance costs elevated.
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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