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- Fuel and Freight Daily Update - 8/29/25
08/29/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from August 28th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Sept) | $64.07 | ▼ 0.08 |
Brent Final Day (Oct) | $68.10 | ▲ 0.05 |
RBOB (Sept) | $2.2201 | ▲ 0.0712 |
ULSD (Sept) | $2.2720 | ▼ 0.0233 |
Ethanol CU (Sept) | $1.80 | ▲ 0.050 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Oct) | $29.179 | ▲ 0.879 |
RB/Brent (Oct) | $14.92 | ▲ 0.31 |
HO/WTI Crack (Oct) | $29.145 | ▼ 3.055 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C51): -6.00
Jet Fuel 54g (C51): -23.25
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0700 | ▼ 0.0275 |
D4 (Biodiesel) | $1.1070 | ▼ 0.0231 |
D5 (Advanced) | $1.1100 | ▼ 0.0075 |
D3 (Cellulosic) | $2.2300 | ▲ 0.0350 |
Freight Market Summary
Clean Tankers
The U.S. Gulf remains oversupplied with clean product vessels, keeping overall sentiment soft. Latin American and East Coast flows continue to provide outlets, but the heavy tonnage list is weighing on owners. Risk premiums tied to geopolitical uncertainty are still embedded, cushioning rates from a sharper fall. Market tone remains stable but fragile.
Crude Tankers
VLCCs continue to favor the Cape of Good Hope routing, bypassing Hormuz and the Red Sea. These extended voyages are absorbing capacity and keeping Middle East–Asia long-haul rates supported. The market continues to treat the Cape detour as the “default” routing, sustaining a structural floor for crude freight even as demand signals stay muted.
LNG Shipping
Spot LNG freight remains tight. Atlantic Basin demand is steady, and risk-averse routing strategies are lengthening voyage durations. With vessel supply limited and weather risks still in play, rates remain firm. Any incremental demand spike could tip the balance toward further upside.
Routing & Geopolitics
No major shifts in routing behavior. Tankers across clean, crude, and LNG segments continue to detour around high-risk chokepoints. Longer voyages are absorbing tonnage and providing structural support under freight pricing, leaving conditions balanced but vulnerable.
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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