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- Fuel and Freight Daily Update - 9/19/25
09/19/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from September 18th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Oct) | $63.57 | ▼ 0.48 |
Brent Final Day (Nov) | $67.44 | ▼ 0.51 |
RBOB (Oct) | $2.0114 | ▼ 0.0173 |
ULSD (Oct) | $2.3400 | ▼ 0.0148 |
Ethanol CU (Sept) | $1.9850 | ▼ 0.0250 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Nov) | $30.57 | ▼ 0.13 |
RB/Brent (Oct) | $14.55 | ▼ 0.17 |
HO/WTI Crack (Oct) | $34.71 | ▼ 0.14 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C54): -6.30
Jet Fuel 54g (C55): -19.00
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $0.9825 | ▼ 0.0075 |
D4 (Biodiesel) | $1.0160 | ▼ 0.0115 |
D5 (Advanced) | $1.0050 | ▼ 0.0200 |
D3 (Cellulosic) | $2.2200 | ▲ 0.0200 |
Freight Market Summary
Clean Tankers – The U.S. Gulf remains long on clean tanker availability, keeping owners under pressure. Steady flows into Latin America and the U.S. East Coast continue to provide an outlet, but they aren’t enough to fully offset the oversupply. Risk premiums linked to delays and geopolitical uncertainty remain in place, cushioning rates from steeper downside. Overall tone remains soft but balanced.
Crude Tankers – VLCCs are still committed to the Cape of Good Hope detour, bypassing Hormuz and the Red Sea. These extended voyages continue to soak up global capacity, sustaining firmness in Middle East–Asia long-haul freight. Despite muted global demand, the Cape detour is treated as the “default” route, providing structural support to the crude tanker market.
LNG Shipping – LNG freight markets remain firm with Atlantic Basin demand holding steady. Risk-averse routing and seasonal weather factors continue to lengthen voyages, constraining spot vessel availability. Rates remain well supported, with the market vulnerable to upside if demand spikes unexpectedly.
Routing & Geopolitics – No significant changes in routing patterns today. Clean, crude, and LNG tankers continue to detour around high-risk chokepoints. These extended routes absorb tonnage and reinforce a structural pricing floor, leaving conditions steady but fragile across freight markets.
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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