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- Fuel and Freight Daily Update - 9/5/25
09/05/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from September 4th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Oct) | $63.48 | ▼ 0.49 |
Brent Final Day (Oct) | $66.99 | ▼ 0.61 |
RBOB (Oct) | $2.0095 | ▼ 0.0025 |
ULSD (Oct) | $2.3307 | ▼ 0.0302 |
Ethanol CU (Sept) | $1.80 | ▲ 0.050 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Oct) | $30.46 | ▼ 0.59 |
RB/Brent (Oct) | $14.73 | ▲ 0.38 |
HO/WTI Crack (Oct) | $34.41 | ▼ 0.78 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C52): -6.90
Jet Fuel 54g (C53): -25.00
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0300 | ▲ 0.0050 |
D4 (Biodiesel) | $1.0620 | ▲ 0.0095 |
D5 (Advanced) | $1.0375 | ▼ 0.0125 |
D3 (Cellulosic) | $2.2200 | ▲ 0.0100 |
Freight Market Summary
Clean Tankers
The U.S. Gulf continues to show long vessel lists, keeping owners under pressure. Export demand into Latin America and the East Coast is steady but not strong enough to offset the oversupply. Risk premiums tied to delays and geopolitics remain embedded, providing some rate stability. Market tone is soft but balanced.
Crude Tankers
VLCCs remain firmly committed to the Cape of Good Hope detour, avoiding Hormuz and the Red Sea. These longer voyages continue to absorb tonnage, supporting Middle East–Asia freight rates. Market consensus still treats the Cape route as the default, which provides structural support despite muted demand signals.
LNG Shipping
LNG freight markets remain tight. Atlantic Basin demand is steady, and weather-related risks are extending voyage times. Spot vessel supply remains limited, sustaining firm rates and leaving the market highly sensitive to any incremental demand shifts.
Routing & Geopolitics
No major routing changes observed. Across clean, crude, and LNG, tankers are still detouring around higher-risk chokepoints. This longer routing ties up global capacity and reinforces a structural floor under freight pricing.
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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