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Neutral As of Apr 14, 2026 16:00 ET Download PDF

Daily Energy & Shipping Briefing — Apr 14, 2026

Global energy markets saw crude oil prices ease on Tuesday, April 14, 2026, as hopes for de-escalation in the Middle East conflict buoyed investor sentiment. U.S. equities rallied significantly, with the S&P 500 approaching record highs, while natural gas and propane prices also registered declines.

Energy Prices

Crude

Instrument Unit Last Δ Day
Brent ICE $/bbl 95.50 -3.86
WTI NYMEX $/bbl 91.28 -7.80

Products

Instrument Unit Last Δ Day
RBOB Gasoline NYMEX c/gal 303.95 -7.65
ULSD Heating Oil NYMEX c/gal 295.00 -5.00

Natural Gas

Instrument Unit Last Δ Day
US Henry Hub NYMEX $/MMBtu 2.60 -0.03

Natural Gas Liquids

Instrument Unit Last Δ Day
US Mont Belvieu Propane NYMEX $/mt 392.08 -8.32

Price Spreads

Instrument Unit Last Δ Day
RBOB Gasoline/Brent Crack Spread $/bbl 32.16 +0.65

Shipping Rates & Bunkers

Dirty Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
VLCC, 270 AG-FE 115,000 110,000
Suezmax, 130 TD20 (Nigeria/UKC) 145,300 140,000

Clean Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
LR2, 75 AG-FE 25,000 28,000
MR, 50 TC2 (ARA/USAC) 18,000 22,000

Time Charter & Asset Values

Vessel 1yr ($/day) Newbuild ($M) 5yr ($M)
VLCC, 200+ 45,000 130.0 115.0

LNG Vessels ($/day)

Type Spot Sentiment 52wk Avg
160M3 Tri-fuel diesel electric (East) 15,000 Flat 35,000

Bunkers ($/mt)

Port VLSFO HSFO MGO
Singapore 650.0 550.0 750.0

LPG (Spot TCE, $/day)

VLGC, 44 (AG-Japan) 38,000

Carbon Markets

Instrument Unit Bid Offer
European Union Allowances (Spot) EUR/ton 68.50 68.70

Equities & Currencies

Index Region Last Δ Day
S&P 500 United States 6,967.38 +81.14
Dow Jones Industrial Average United States 48,535.99 +317.74
Pair Region Last Δ Day
EUR/$ European Union 1.18 +0.01
USD/JPY Japan 159.98 +0.48

Developments

  • U.S. Stocks Rally as Hopes for Middle East De-escalation Emerge

    U.S. equities surged on Tuesday, with the S&P 500 approaching its all-time high, as investors reacted positively to renewed hopes for peace talks between the United States and Iran to end their conflict.

    Associated Press / TheStreet · Apr 14, 2026

  • Crude Oil Prices Ease Amid Peace Talk Optimism, WTI Down 7%

    Crude oil prices retreated on Tuesday, with WTI ending just above $92/bbl, down 7% on the day, as market participants grew optimistic about potential diplomatic resolutions in the Middle East.

    Odessa American / TheStreet · Apr 14, 2026

  • Natural Gas Prices Decline Across Global Hubs on Easing Supply and Warmer Weather

    Natural gas prices in Asia, Europe, and the United States, including Henry Hub, fell last week due to easing supply-demand pressures and warmer weather, following a brief spike related to Middle East tensions.

    LNG Prime · Apr 13, 2026

  • Global Manufacturers Face Significant Commodity Market Disruption in April, Oil a Key Factor

    A report indicated that global manufacturers continued to experience heavy disruption in commodity markets throughout April, with oil identified as a standout commodity driving the highest price and supply pressures in years.

    S&P Global · May 04, 2026

  • US Dollar Jumps Against Japanese Yen Amid Middle East Ceasefire Talk Uncertainty

    The US dollar gapped higher against the Japanese yen at the start of the week, as traders reacted to concerns over the lack of progress in Middle East ceasefire talks, driving demand for safe-haven currencies.

    Daily Forex · Apr 14, 2026