- Fuel and Freight Daily Report
- Posts
- Fuel and Freight Daily Update - 9/30/25
09/30/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from September 29th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Nov) | $63.45 | ▼ 2.27 |
Brent Final Day (Nov) | $67.97 | ▼ 2.16 |
RBOB (Oct) | $1.9951 | ▼ 0.0425 |
ULSD (Oct) | $2.3566 | ▼ 0.0723 |
Ethanol CU (Sept) | $1.9850 | (FLAT) |
Spread | Value | Change |
|---|---|---|
HO/Brent (Nov) | $30.68 | ▼ 0.70 |
RB/Brent (Nov) | $13.58 | ▲ 0.18 |
HO/WTI Crack (Nov) | $35.20 | ▼ 0.59 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C56): -5.25
Jet Fuel 54g (C57): -16.25
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $0.9400 | ▲ 0.0050 |
D4 (Biodiesel) | $0.9750 | ▲ 0.0040 |
D5 (Advanced) | $0.9625 | (FLAT) |
D3 (Cellulosic) | $2.2200 | ▼ 0.0100 |
Freight Market Summary
Clean Tankers – The U.S. Gulf remains oversupplied with clean product tankers, keeping sentiment soft. Flows into Latin America and the U.S. East Coast provide steady outlets, but they’re not enough to offset the heavy vessel lists. Risk premiums tied to congestion, weather, and geopolitics remain embedded, helping stabilize rates against sharper downside pressure.
Crude Tankers – VLCCs continue to bypass Hormuz and the Red Sea, routing via the Cape of Good Hope. This entrenched detour lengthens voyages, ties up global capacity, and sustains firmness in long-haul Middle East–Asia rates. Despite subdued demand, the Cape remains the structural “default,” ensuring a pricing floor across the crude freight market.
LNG Shipping – The LNG freight market stays firm, with steady Atlantic Basin demand and limited vessel availability. Seasonal weather concerns and risk-averse routing continue to extend voyage durations, constraining spot supply. With slack minimal, rates remain elevated and the market highly sensitive to any incremental demand spikes.
Routing & Geopolitics – No major routing changes today. Clean, crude, and LNG vessels continue to avoid high-risk chokepoints, reinforcing longer voyages and reduced effective supply. These structural inefficiencies are supporting freight pricing across the board, leaving conditions stable but vulnerable to disruption.
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