- Fuel and Freight Daily Report
- Posts
- Fuel and Freight Daily Update - 9/10/25
09/10/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from September 9th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Oct) | $62.63 | ▲ 0.37 |
Brent Final Day (Nov) | $66.39 | ▲ 0.37 |
RBOB (Oct) | $1.9925 | ▼ 0.0339 |
ULSD (Oct) | $2.3199 | ▲ 0.0080 |
Ethanol CU (Sept) | $1.9900 | ▼ 0.0300 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Oct) | $30.92 | ▲ 0.38 |
RB/Brent (Oct) | $15.02 | ▲ 0.82 |
HO/WTI Crack (Oct) | $34.81 | ▼ 0.03 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C53): -6.50
Jet Fuel 54g (C53): -20.75
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $0.9525 | ▼ 0.0475 |
D4 (Biodiesel) | $0.9900 | ▼ 0.0475 |
D5 (Advanced) | $0.9950 | ▼ 0.0325 |
D3 (Cellulosic) | $2.1900 | (FLAT) |
Freight Market Summary
Clean Tankers
The U.S. Gulf remains well-supplied with clean product tankers, putting pressure on owners. Steady flows into Latin America and the U.S. East Coast continue to offer an outlet, but oversupply keeps the overall tone soft. Geopolitical risk premiums and planning buffers for delays are still embedded, cushioning rates from sharper downside moves. Market balance is fragile, but stable.
Crude Tankers
VLCCs continue to bypass Hormuz and the Red Sea in favor of the Cape of Good Hope. These extended voyages tie up global tonnage, propping up Middle East–Asia long-haul freight rates despite subdued demand signals. The Cape detour remains the entrenched “default” route, keeping structural support intact across the crude segment.
LNG Shipping
Atlantic Basin LNG demand remains steady, while limited vessel supply and seasonal weather risks are stretching voyage times. Spot availability remains thin, sustaining firm freight rates. The market remains vulnerable to sudden upside should additional demand emerge.
Routing & Geopolitics
No significant routing changes observed today. Across clean, crude, and LNG markets, vessels continue to avoid high-risk chokepoints. This rerouting lengthens voyages, reduces effective capacity, and keeps a structural pricing floor in place. Freight conditions remain balanced, but sensitive to demand shifts or geopolitical shocks.
Enjoyed this article?
Subscribe to never miss an issue. Daily updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.
Click below to view our other newsletters on our website:
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