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Bearish As of Jul 27, 2026 11:15 ET Download PDF

Daily Energy & Shipping Briefing — Jul 27, 2026

Global crude oil prices experienced a significant downturn, falling over 5% as geopolitical tensions eased between the US and Iran, reducing the risk premium. Natural gas markets continued to struggle for upward momentum despite widespread heat, while European carbon allowances saw a slight dip following a new ETS reform proposal. LNG shipping rates were mixed, with Atlantic rates softening.

Energy Prices

Crude

Instrument Unit Last Δ Day
Brent ICE $/bbl 90.35 -8.02
WTI NYMEX $/bbl 84.44 -6.02

Products

Instrument Unit Last Δ Day
RBOB Gasoline NYMEX c/gal 316.05 +1.14
NY Harbor ULSD NYMEX c/gal 280.50 -5.20

Natural Gas

Instrument Unit Last Δ Day
US Henry Hub NYMEX $/MMBtu 2.82 -0.05

Natural Gas Liquids

Instrument Unit Last Δ Day
US Mont Belvieu Propane NYMEX $/mt 381.08 -17.32

Price Spreads

Instrument Unit Last Δ Day
RBOB Gasoline/Brent Crack Spread $/bbl 42.39 +8.50

Shipping Rates & Bunkers

Dirty Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
VLCC, 270 AG-FE 40,300 39,700
Suezmax, 130 WAF-UKC 30,000 29,500

Clean Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
LR2, 75 AG-FE 20,500 26,400
MR, 37 TC2 18,000 20,000

Time Charter & Asset Values

Vessel 1yr ($/day) Newbuild ($M) 5yr ($M)
VLCC, 200+ 49,000 127.0 112.0

LNG Vessels ($/day)

Type Spot Sentiment 52wk Avg
160M3 Tri-fuel diesel electric (East) 12,500 Weak 30,231
160M3 Tri-fuel diesel electric (West) 13,500 Flat 31,000

Bunkers ($/mt)

Port VLSFO HSFO MGO
Singapore 1,006.0 650.0 1,250.0
Rotterdam 980.0 630.0 1,200.0

LPG (Spot TCE, $/day)

VLGC, 44 (AG-Japan) 34,643

Carbon Markets

Instrument Unit Bid Offer
European Union Allowances (Spot) EUR/ton 82.25 82.27

Equities & Currencies

Index Region Last Δ Day
S&P 500 United States 3,850.00 -15.00
Pair Region Last Δ Day
EUR/$ European Union 1.14 +0.00

Developments

  • Crude Oil Prices Plunge Over 5% as US-Iran Tensions Ease

    Brent and WTI crude oil benchmarks dropped significantly on Monday, with prices falling over 5% as a temporary pause in US-Iran attacks reduced geopolitical risk premiums and fears of disrupted Gulf exports.

    Rigzone · Jul 27, 2026

  • EU Carbon Prices Dip Following ETS Reform Proposal

    European Union Allowances (EUA) fell slightly on Monday after the European Commission tabled a proposal to reform the EU Emissions Trading System for 2031-2040, aiming to balance climate ambition with industrial competitiveness.

    Trading Economics / S&P Global · Jul 27, 2026

  • Henry Hub Natural Gas Struggles Despite Widespread US Heat

    Despite sweltering summer temperatures across much of the United States, Henry Hub natural gas futures continued to struggle for upward momentum, with robust production and healthy storage levels offsetting demand.

    NGI · Jul 27, 2026

  • Atlantic LNG Shipping Rates Soften, Pacific Rates Flat

    Atlantic spot LNG shipping rates experienced a drop this week, while Pacific rates remained flat compared to the previous week, according to Spark Commodities.

    LNG Prime · Jul 26, 2026

  • Biofuel Bunker Prices Rise in Key Global Ports

    Biofuel bunker prices, including B30-VLSFO, have increased in major ports like Singapore and Rotterdam over the past week, driven by gains in conventional marine fuel costs.

    ENGINE / IndexBox · Jul 27, 2026