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Neutral As of Jul 12, 2026 09:30 ET Download PDF

Daily Energy & Shipping Briefing — Jul 12, 2026

Global energy markets saw a mixed close to the week, with crude oil prices stabilizing amid renewed US-Iran diplomatic efforts, while major equity indices like the S&P 500 and FTSE 100 posted gains driven by tech and corporate deals. Bunker prices in Singapore experienced a decline across all grades, and the VLCC newbuilding market is witnessing a record surge in orders.

Energy Prices

Crude

Instrument Unit Last Δ Day
Brent ICE $/bbl 76.56 +0.52
WTI NYMEX $/bbl 72.20 +0.44

Products

Instrument Unit Last Δ Day
RBOB Gasoline NYMEX c/gal 298.46 -5.41
NYMEX Heating Oil NYMEX c/gal 268.50 -3.20

Natural Gas

Instrument Unit Last Δ Day
US Henry Hub NYMEX $/MMBtu 2.94 -0.07
TTF Gas ICE EUR/MWh 33.00 +0.50

Natural Gas Liquids

Instrument Unit Last Δ Day
US Mont Belvieu Propane NYMEX $/mt 1,667.97 -23.53
US Mont Belvieu Ethane NYMEX c/gal 29.00 +0.60

Price Spreads

Instrument Unit Last Δ Day
RBOB Gasoline/Brent Crack Spread $/bbl 28.00 -0.30
Gasoil/Brent Crack Spread $/bbl 31.50 +0.20

Shipping Rates & Bunkers

Dirty Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
VLCC, 270 AG-FE 42,500 41,000
Suezmax, 130 WAF-UKC 30,000 29,500

Clean Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
LR2, 75 AG-FE 25,000 26,000
MR, 37 TC2 20,000 21,000

Time Charter & Asset Values

Vessel 1yr ($/day) Newbuild ($M) 5yr ($M)
VLCC, 200+ 47,000 132.0 118.0
Aframax, 115 31,000 76.0 69.0

LNG Vessels ($/day)

Type Spot Sentiment 52wk Avg
160M3 Tri-fuel diesel electric (East) 17,000 Flat 34,000
174M3 MEGI (West) 21,000 Firm 39,000

Bunkers ($/mt)

Port VLSFO HSFO MGO
Singapore 657.0 462.0 951.0
Rotterdam 635.0 535.0 740.0

LPG (Spot TCE, $/day)

VLGC, 44 (AG-Japan) 37,000
VLGC, 44 (USG-Japan) 44,000

Carbon Markets

Instrument Unit Bid Offer
European Union Allowances (Spot) EUR/ton 77.50 77.60
California Carbon Allowances (Spot) $/ton 39.00 39.10

Equities & Currencies

Index Region Last Δ Day
S&P 500 United States 7,575.39 +31.75
FTSE 100 United Kingdom 10,497.29 +24.84
Pair Region Last Δ Day
EUR/$ European Union 1.14 0.00
USD/JPY Japan 161.70 -0.68

Developments

  • Crude Oil Prices Steady Amid Renewed US-Iran Diplomatic Efforts

    Oil prices stabilized after a volatile week, with Brent trading near $76/bbl and WTI below $72/bbl, as reports indicated ongoing US-Iran peace talks despite earlier hostilities in the Strait of Hormuz.

    NDTV Profit / Reuters · Jul 10, 2026

  • S&P 500 Rises, Driven by Tech Giants, Nears Record High

    The S&P 500 closed up 0.42% at 7,575.39 on Friday, marking its fourth winning week in five, with megacap tech stocks leading the gains and the index sitting just shy of its 7,610 record.

    Meta Trading Club / San Mateo Daily Journal · Jul 10, 2026

  • FTSE 100 Boosted by Vodafone and EasyJet Deals

    London's FTSE 100 rose 0.2% to 10,497.29, lifted by a surge in Vodafone shares after a major stake acquisition and easyJet's agreement to a £5.7 billion takeover bid from Apollo Global.

    Alliance News / Reuters · Jul 10, 2026

  • VLCC Newbuilding Orders Surge to Record Levels in First Half of 2026

    Shipowners placed 183 VLCC newbuilding orders in H1 2026, a tenfold increase from the previous year, driven by strong investor confidence, rising asset values, and tightening vessel supply, with newbuild prices around $132 million.

    Riviera Maritime Media / Ocean Economist · Jul 08, 2026

  • Singapore Bunker Prices Decline Across All Grades

    Singapore bunker fuel prices fell across all grades on Friday, with VLSFO down $15/mt to $657/mt, HSFO down $14/mt to $462/mt, and LSMGO down $22/mt to $951/mt.

    engine.online · Jul 10, 2026