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- Fuel and Freight Daily Update - 9/15/25
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09/15/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from September 12th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Oct) | $62.69 | ▲ 0.32 |
Brent Final Day (Nov) | $66.99 | ▼ 0.50 |
RBOB (Oct) | $1.9854 | ▲ 0.0061 |
ULSD (Oct) | $2.2900 | ▲ 0.0081 |
Ethanol CU (Sept) | $2.0150 | ▲ 0.0300 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Oct) | $29.39 | ▼ 0.24 |
RB/Brent (Oct) | $14.02 | ▼ 0.40 |
HO/WTI Crack (Oct) | $33.49 | ▼ 0.86 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C53): -6.05
Jet Fuel 54g (C54): -19.50
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0100 | ▲ 0.0075 |
D4 (Biodiesel) | $1.0500 | ▲ 0.0100 |
D5 (Advanced) | $1.0250 | ▲ 0.0300 |
D3 (Cellulosic) | $2.1850 | ▲ 0.0050 |
Freight Market Summary
Clean Tankers – The U.S. Gulf remains long on tonnage, with owners still facing pressure to place vessels. Latin American and East Coast flows continue to provide a critical outlet, cushioning rates from sharper declines. Risk premiums tied to congestion and geopolitical uncertainty remain embedded, but overall sentiment stays soft and fragile.
Crude Tankers – VLCCs continue to route via the Cape of Good Hope, bypassing Hormuz and the Red Sea. These extended voyages keep capacity tied up and are providing structural support to long-haul Middle East–Asia freight rates. Despite muted global demand signals, the Cape detour remains the entrenched “default” route, sustaining firmness in the crude freight complex.
LNG Shipping – LNG freight markets remain supported by steady Atlantic Basin demand and thin vessel availability. Seasonal weather concerns and risk-averse routing strategies continue to lengthen voyages, limiting spot availability. Rates remain elevated, leaving the market vulnerable to further upside if incremental demand emerges.
Routing & Geopolitics – No major shifts reported. Tankers across clean, crude, and LNG segments continue to detour around chokepoints, reinforcing structural inefficiencies that absorb capacity and provide a pricing floor. Market tone remains stable, but fragile to demand shocks or geopolitical escalations.
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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