- Fuel and Freight Daily Report
- Posts
- Fuel and Freight Daily Update - 9/4/25
09/04/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from September 2nd, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Oct) | $63.97 | ▼ 1.62 |
Brent Final Day (Oct) | $67.60 | ▼ 1.54 |
RBOB (Oct) | $2.0120 | ▼ 0.0308 |
ULSD (Oct) | $2.3609 | ▼ 0.0135 |
Ethanol CU (Sept) | $1.80 | ▲ 0.050 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Oct) | $31.05 | ▲ 1.03 |
RB/Brent (Oct) | $14.35 | ▲ 0.28 |
HO/WTI Crack (Oct) | $35.19 | ▲ 1.05 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C52): -7.10
Jet Fuel 54g (C52): -24.00
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0250 | ▼ 0.0124 |
D4 (Biodiesel) | $1.0525 | ▼ 0.0150 |
D5 (Advanced) | $1.0500 | ▼ 0.0125 |
D3 (Cellulosic) | $2.2100 | ▼ 0.0100 |
Freight Market Summary
Clean Tankers
Heavy vessel availability persists in the U.S. Gulf, keeping sentiment soft. Steady export volumes to Latin America and the U.S. East Coast provide some support, but oversupply remains the defining headwind. Embedded risk premiums—for weather, delays, and geopolitical unrest—are helping shield rates from sharp downside. The market remains stable but fragile.
Crude Tankers
VLCCs continue to route around the Cape of Good Hope, avoiding the Red Sea and Suez. As a result, global capacity remains tight, bolstering long-haul Middle East–Asia freight rates. The Cape routing has become the entrenched “default” path and continues to give structural support, even as broader demand conditions soften.
LNG Shipping
The Atlantic basin remains tight for LNG freight. Ongoing weather pressure and risk-averse routing strategies are extending voyage durations. Vessel availability remains constrained, and any spike in demand could quickly intensify the already tight freight balance.
Routing & Geopolitics
No changes in current routing strategy. Tankers across the board—including clean, crude, and LNG—continue bypassing traditional chokepoints. These longer voyages keep tonnage tied up, reinforcing structural rate support. Market stability hinges directly on demand holding up in the near term.
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