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- Fuel and Freight Daily Update - 8/25/25
08/25/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from August 22nd, 2025
Instrument | Price | Change |
|---|---|---|
WTI Future (Sept) | $63.66 | ▲ 0.14 |
Brent Final Day (Oct) | $66.73 | ▲ 0.06 |
RBOB (Sept) | $2.1585 | ▼ 0.0012 |
ULSD (Sept) | $2.3081 | ▼ 0.0170 |
Ethanol CU (Sept) | $1.86 | ▲ 0.0450 |
Crack Spreads
Spread | Value | Change |
|---|---|---|
HO/Brent (Sept) | $29.04 | ▼ 0.75 |
RB/Brent (Sept) | $16.01 | ▲ 0.22 |
HO/WTI Crack (Sept) | $33.11 | ▼ 0.80 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C49): -7.00
Jet Fuel 54g (C50): -23.50
OPIS RIN Futures
D6 (Ethanol) | $1.1500 | ▲ 0.0900 |
D4 (Biodiesel) | $1.2000 | ▲ 0.0700 |
D5 (Advanced) | $1.1375 | ▲ 0.0350 |
D3 (Cellulosic) | $2.2500 | ▲ 0.0650 |
Freight Market Summary
Clean Tankers - The U.S. Gulf remains long on tonnage, but consistent product flows to Latin America and the East Coast are helping steady rates. Owners continue to build in risk premiums for delays and geopolitical uncertainty, which is preventing sharper declines. Sentiment remains fragile, though, with oversupply still weighing on the market.
Crude Tankers - VLCCs continue to avoid the Red Sea and Strait of Hormuz, sticking with the Cape of Good Hope route. These longer voyages are absorbing vessel supply and keeping Middle East–Asia long-haul rates firm despite muted global demand. The Cape routing is still viewed as the “new normal” across the crude segment.
LNG Shipping Atlantic Basin - LNG demand remains steady, with risk-averse routing and seasonal weather concerns extending voyage durations. Spot vessel availability remains constrained, supporting firm freight rates and leaving the market vulnerable to any sudden demand spikes.
Routing & Geopolitical Conditions - Geopolitical risk continues to define shipping patterns. Longer detours remain standard across clean, crude, and LNG markets, soaking up tonnage and creating structural support under freight rates. With capacity stretched, even marginal increases in demand could tighten conditions quickly.
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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