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Neutral As of Aug 11, 2026 16:00 ET Download PDF

Daily Energy & Shipping Briefing — Aug 11, 2026

Energy markets on August 11, 2026, were marked by continued volatility in crude oil prices, which settled higher after significant swings, driven by persistent geopolitical tensions in the Middle East and disruptions in the Strait of Hormuz. Equities saw a modest decline, while US gasoline prices climbed despite EPA efforts to ease summer specifications, reflecting tight supply and elevated crude costs. Shipping markets continued to see strong secondhand tanker values amid to...

Energy Prices

Crude

Instrument Unit Last Δ Day
Brent ICE $/bbl 88.91 +1.23
WTI NYMEX $/bbl 84.77 +1.01

Products

Instrument Unit Last Δ Day
RBOB Gasoline NYMEX c/gal 315.13 +1.59
Heating Oil NYMEX c/gal 305.50 +2.10

Natural Gas

Instrument Unit Last Δ Day
US Henry Hub NYMEX $/MMBtu 2.75 -0.03

Natural Gas Liquids

Instrument Unit Last Δ Day
US Mont Belvieu Propane NYMEX $/mt 537.07 -0.15

Price Spreads

Instrument Unit Last Δ Day
RBOB Gasoline/Brent Crack Spread $/bbl 43.44 -0.57

Shipping Rates & Bunkers

Dirty Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
VLCC, 270 AG-FE 45,000 40,000
Suezmax, 130 WAF-UKC 32,000 30,500
Aframax, 70 Carib-USGC 28,000 26,500

Clean Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
LR2, 75 AG-FE 22,000 27,000
LR1, 55 AG-FE 18,500 21,000
MR, 37 TC2 (UKC-USAC) 16,000 17,500

Time Charter & Asset Values

Vessel 1yr ($/day) Newbuild ($M) 5yr ($M)
VLCC, 200+ 50,000 129.0 138.0
Suezmax, 130 38,000 88.0 88.0

LNG Vessels ($/day)

Type Spot Sentiment 52wk Avg
160M3 Tri-fuel diesel electric (East) 15,000 Volatile 32,000
174M3 MEGI (Atlantic) 20,000 Firm 45,000

Bunkers ($/mt)

Port VLSFO HSFO MGO
Singapore 834.0 601.5 1,156.5
Rotterdam 810.0 580.0 1,120.0

LPG (Spot TCE, $/day)

VLGC, 44 (AG-Japan) 36,000
VLGC, 44 (USGC-Japan) 42,000

Carbon Markets

Instrument Unit Bid Offer
European Union Allowances (Spot) EUR/ton 70.50 70.55

Equities & Currencies

Index Region Last Δ Day
S&P 500 United States 7,728.20 -24.91
Dow Jones Industrial Average United States 53,791.85 -184.13
Pair Region Last Δ Day
EUR/$ European Union 1.15 0.00
USD/JPY Japan 148.20 +0.15

Developments

  • Oil prices settle after 5% surge the day before on Hormuz uncertainty

    Oil prices swung on August 11, 2026, after a more than 5% jump the previous day, driven by uncertainty over the reopening of the Strait of Hormuz and President Trump's rejection of Iran's demands for war reparations.

    Associated Press (via TTNews) · Aug 11, 2026

  • U.S. Raises Oil Price Forecast on Hormuz Disruption

    The Energy Information Administration (EIA) lifted its 2026 Brent crude forecast to $87/bbl and US gasoline to $3.78/gallon, citing persistent severe constraints in Strait of Hormuz shipments, with only eight vessels crossing on Monday compared to 120 pre-conflict.

    Roic AI · Aug 11, 2026

  • S&P 500 Closes Down 0.36% as All Three Major Indexes Fall in Step

    US equities, including the S&P 500, Dow, and Nasdaq, all closed down around 0.36% on August 11, 2026, signaling a broad market repricing as investors recalibrate expectations for interest rates with a September hike back on the table.

    24/7 Wall St. · Aug 11, 2026

  • WTI Crude Oil Price Analysis For August 11, 2026: Middle East Tensions Push Prices Toward Key Resistance

    WTI crude oil broke its descending trend line as Middle East tensions pushed prices toward key resistance at $79.50, with geopolitical events driving strong buying interest despite overbought indicators.

    TalkMarkets (FX Daily Report) · Aug 11, 2026

  • US gasoline prices climb despite EPA efforts to ease stricter summer specifications

    Average spot prices for US gasoline jumped 87-119 cents/gal year-over-year during March-July 2026, despite EPA fuel waivers, due to tighter inventories, strong export demand, refinery disruptions, and elevated crude prices from geopolitical tensions.

    S&P Global Platts · Aug 11, 2026

  • 13-Year-Old VLCC Sells for $120m as ADNOC's Buying Spree Reprices Tanker Control

    A 2013-built VLCC, Celeste Nova, reportedly sold for $120 million, significantly higher than its 2020 acquisition price, as ADNOC L&S actively acquires secondhand tonnage, driving up values due to scarcity of immediately available vessels.

    Xinde Marine News (citing TradeWinds) · Aug 08, 2026