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- Fuel and Freight Daily Update - 9/16/25
09/16/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from September 15th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Oct) | $63.30 | ▲ 0.61 |
Brent Final Day (Nov) | $67.44 | ▲ 0.45 |
RBOB (Oct) | $2.0134 | ▲ 0.0280 |
ULSD (Oct) | $2.3311 | ▲ 0.0411 |
Ethanol CU (Sept) | $2.0150 | (FLAT) |
Spread | Value | Change |
|---|---|---|
HO/Brent (Oct) | $30.17 | ▲ 1.25 |
RB/Brent (Oct) | $14.54 | ▲ 0.52 |
HO/WTI Crack (Oct) | $34.61 | ▲ 1.12 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C53): -6.30
Jet Fuel 54g (C54): -19.75
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0000 | ▼ 0.0100 |
D4 (Biodiesel) | $1.0400 | ▼ 0.0100 |
D5 (Advanced) | $1.0325 | ▲ 0.0075 |
D3 (Cellulosic) | $2.1800 | ▼ 0.0050 |
Freight Market Summary
Clean Tankers – The U.S. Gulf remains oversupplied with clean product tankers, keeping owners under pressure. While steady flows into Latin America and the U.S. East Coast provide some relief, the heavy vessel list continues to weigh on sentiment. Risk premiums linked to delays and geopolitical uncertainty remain embedded in pricing, cushioning rates from steeper declines. Overall tone stays soft but stable.
Crude Tankers – VLCCs continue to bypass Hormuz and the Red Sea, sticking with the Cape of Good Hope detour. This structural inefficiency absorbs global capacity and sustains firmness in long-haul Middle East–Asia rates. Despite muted demand, the Cape has solidified as the “default” routing, keeping a built-in floor under the crude freight complex.
LNG Shipping – LNG freight rates remain firm with Atlantic Basin demand steady and vessel availability constrained. Seasonal weather risks and cautious routing strategies are lengthening voyages, limiting spot supply. The market remains vulnerable to upside should incremental demand or weather disruptions emerge.
Routing & Geopolitics – No major shifts reported today. Clean, crude, and LNG vessels continue detouring around higher-risk chokepoints. These extended voyages reduce effective supply and reinforce a pricing floor, keeping market conditions stable but fragile.
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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