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Bullish As of Aug 7, 2026 15:00 ET Download PDF

Daily Energy & Shipping Briefing — Aug 07, 2026

Crude oil prices surged on Friday, driven by escalating geopolitical tensions in the Strait of Hormuz, while European carbon allowances also saw a notable increase. US equities opened higher following unexpected job data, though natural gas experienced mixed movements. Bunker fuel prices in Singapore showed varied trends amidst tight supply.

Energy Prices

Crude

Instrument Unit Last Δ Day
Brent ICE $/bbl 83.48 +0.99

Products

Instrument Unit Last Δ Day
RBOB Gasoline NYMEX c/gal 295.32 +1.47

Natural Gas

Instrument Unit Last Δ Day
US Henry Hub NYMEX $/MMBtu 2.68 +0.04

Natural Gas Liquids

Instrument Unit Last Δ Day
US Mont Belvieu Propane NYMEX $/mt 380.00 +1.86

Price Spreads

Instrument Unit Last Δ Day
RBOB Gasoline/Brent Crack Spread $/bbl 40.55 -0.38

Shipping Rates & Bunkers

Dirty Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
VLCC, 270 AG-FE 41,500 40,100

Clean Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
LR2, 75 AG-FE 21,200 26,800

Time Charter & Asset Values

Vessel 1yr ($/day) Newbuild ($M) 5yr ($M)
VLCC, 200+ 50,000 128.5 113.5

LNG Vessels ($/day)

Type Spot Sentiment 52wk Avg
160M3 Tri-fuel diesel electric (East) 14,500 Firming 31,000

Bunkers ($/mt)

Port VLSFO HSFO MGO
Singapore 805.0 660.0 1,450.0

LPG (Spot TCE, $/day)

VLGC, 44 (AG-Japan) 35,500

Carbon Markets

Instrument Unit Bid Offer
European Union Allowances (Spot) EUR/ton 83.13 83.15

Equities & Currencies

Index Region Last Δ Day
S&P 500 United States 7,709.96 -15.42
Pair Region Last Δ Day
EUR/$ European Union 1.15 +0.00

Developments

  • Strait of Hormuz Tensions Drive Brent Crude Above $83 Amid Supply Concerns

    Geopolitical developments in the Middle East, particularly around the Strait of Hormuz, pushed Brent crude futures above $83 per barrel, reigniting fears over global oil supplies.

    The Sunday Guardian · Aug 7, 2026

  • US Equities Open Higher as Unexpected Job Losses Temper Rate Hike Expectations

    US stock markets, including the S&P 500 and Nasdaq, saw an early rally after data revealed an unexpected decline in July payrolls, easing concerns about aggressive Federal Reserve interest rate hikes.

    The Business Times · Aug 7, 2026

  • European Carbon Prices Surge to Nine-Day High on Increased Trading Activity

    European Union Allowance (EUA) prices climbed significantly on Friday, breaking through key technical resistance levels, driven by a pickup in market activity.

    Carbon Pulse · Aug 7, 2026

  • Henry Hub Natural Gas Prices See Mixed Movement Amid Storage Build and Demand Outlook

    US Henry Hub natural gas futures experienced varied trading, with some gains noted, but overall sentiment was weighed down by a larger-than-expected storage injection.

    Trading Economics / NGI · Aug 7, 2026

  • Singapore Bunker Fuel Prices Show Mixed Trends Amidst Tighter Supply

    While some bunker fuel grades in Singapore saw price declines, overall market premiums remained elevated due to persistent tightness in low-sulfur blending component supplies.

    Integr8 Fuels / Kpler · Aug 7, 2026

  • Euro Strengthens Against Dollar Ahead of Key US Labor Market Data

    The EUR/USD pair saw an uptick on Friday, stabilizing after a recent decline, as traders awaited crucial US labor market data that could influence future Federal Reserve policy.

    Trading Economics · Aug 7, 2026