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- Fuel and Freight Daily Update - 8/27/25
08/27/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from August 26th, 2025
Instrument | Price | Change |
|---|---|---|
WTI Future (Sept) | $63.25 | ▼ 1.55 |
Brent Final Day (Oct) | $67.22 | ▼ 1.58 |
RBOB (Sept) | $2.1223 | ▼ 0.0260 |
ULSD (Sept) | $2.2805 | ▼ 0.0670 |
Ethanol CU (Sept) | $1.785 | ▼ 0.005 |
Crack Spreads
Spread | Value | Change |
|---|---|---|
HO/Brent (Oct) | $28.42 | ▼ 1.17 |
RB/Brent (Oct) | $14.88 | ▼ 0.03 |
HO/WTI Crack (Oct) | $32.39 | ▼ 1.20 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C50): -7.55
Jet Fuel 54g (C51): -23.00
OPIS RIN Futures
D6 (Ethanol) | $1.1025 | ▼ 0.0275 |
D4 (Biodiesel) | $1.1399 | ▼ 0.0381 |
D5 (Advanced) | $1.1275 | ▼ 0.0325 |
D3 (Cellulosic) | $2.2250 | ▼ 0.0325 |
Freight Market Summary
Clean Tankers
The U.S. Gulf remains heavy with available clean tanker tonnage, leaving owners under pressure. Flows into Latin America and the East Coast continue to provide a stabilizing outlet, but oversupply remains the defining factor. Risk premiums tied to geopolitics and delays are still embedded in pricing, cushioning rates from a sharper decline.
Crude Tankers
VLCCs are maintaining their Cape of Good Hope routing, bypassing the Red Sea and Strait of Hormuz. These longer voyages continue to tie up capacity globally and are propping up Middle East–Asia long-haul rates. Market consensus still treats the Cape detour as the “default,” leaving structural support under the crude freight complex.
LNG Shipping
Atlantic Basin LNG flows remain steady, but vessel supply is tight. Risk-averse routing and seasonal weather considerations are lengthening voyages, which keeps spot availability minimal and freight sentiment firm. The market remains sensitive to any incremental demand or disruptions.
Routing & Geopolitics
Across all tanker segments, extended routes around high-risk zones remain the standard. These longer voyages soak up tonnage, create structural inefficiencies, and help maintain a supportive floor under freight rates. Market balance stays fragile, with any demand surge capable of quickly tightening conditions.
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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