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- Fuel and Freight Daily Update - 9/8/25
09/08/2025
Futures Market Settles (Front Month)
All prices reflect end-of-day settlements from September 5th, 2025
Instrument | Settlement | Change |
|---|---|---|
WTI Future (Oct) | $61.87 | ▲ 1.61 |
Brent Final Day (Nov) | $65.50 | ▲ 1.49 |
RBOB (Oct) | $1.9642 | ▼ 0.0453 |
ULSD (Oct) | $2.2870 | ▲ 0.0437 |
Ethanol CU (Sept) | $2.0250 | ▼ 0.075 |
Spread | Value | Change |
|---|---|---|
HO/Brent (Oct) | $30.54 | ▼ 0.08 |
RB/Brent (Oct) | $14.83 | ▲ 0.10 |
HO/WTI Crack (Oct) | $34.18 | ▼ 0.23 |
ULSD & Jet Physical Market Settles
Colonial Pipeline Differentials (USGC):
ULSD 62g (C52): -6.60
Jet Fuel 54g (C53): -22.25
OPIS RIN Futures
Type | Price | Change |
|---|---|---|
D6 (Ethanol) | $1.0200 | ▼ 0.0100 |
D4 (Biodiesel) | $1.0550 | ▼ 0.0070 |
D5 (Advanced) | $1.0450 | ▲ 0.0075 |
D3 (Cellulosic) | $2.2200 | (FLAT) |
Freight Market Summary
Clean Tankers The U.S. Gulf continues to carry a long list of available clean product tankers, leaving owners under pressure. Export demand into Latin America and the U.S. East Coast is steady, but not strong enough to offset oversupply. Risk premiums tied to delays, congestion, and geopolitics remain embedded, preventing a sharper fall in rates. Overall tone is soft but stable.
Crude Tankers VLCCs remain firmly routed via the Cape of Good Hope, bypassing Hormuz and the Red Sea. These extended voyages are absorbing global tonnage and keeping Middle East–Asia freight rates well supported. The Cape detour continues to be treated as the “default” routing, which provides structural support to the crude market despite muted demand.
LNG Shipping The LNG market stays tight, with Atlantic Basin demand steady and vessel availability constrained. Risk-averse routing and seasonal weather factors are lengthening voyages, sustaining firm spot rates. The market remains vulnerable to upside moves should demand spike unexpectedly.
Routing & Geopolitics No major changes reported in routing behavior. Across clean, crude, and LNG segments, detours around high-risk chokepoints remain standard. These extended voyages continue to tie up tonnage and create a structural floor under freight pricing, leaving the market balanced but sensitive to sudden shifts in demand.
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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