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Neutral As of Jun 5, 2026 17:00 ET Download PDF

Daily Energy & Shipping Briefing — Jun 05, 2026

Global energy markets saw mixed signals today as Brent crude pulled back on hopes of a Strait of Hormuz resolution, while natural gas prices also declined. Equities experienced a significant sell-off driven by tech and strong jobs data, boosting Fed rate hike expectations. EU carbon prices retreated on funding news, and the shipping sector continued to navigate geopolitical tensions.

Energy Prices

Crude

Instrument Unit Last Δ Day
Brent ICE $/bbl 95.30 -2.79
WTI NYMEX $/bbl 91.80 -2.50

Products

Instrument Unit Last Δ Day
RBOB Gasoline NYMEX c/gal 280.00 -7.95
ULSD NYMEX c/gal 295.00 -8.37

Natural Gas

Instrument Unit Last Δ Day
US Henry Hub NYMEX $/MMBtu 3.05 -0.03
TTF (Europe) ICE EUR/MWh 42.00 -1.20

Natural Gas Liquids

Instrument Unit Last Δ Day
US Mont Belvieu Propane NYMEX $/mt 438.82 +19.95
US Mont Belvieu Ethane NYMEX c/gal 28.50 +0.50

Price Spreads

Instrument Unit Last Δ Day
RBOB Gasoline/Brent Crack Spread $/bbl 22.30 -5.16
ULSD/Brent Crack Spread $/bbl 25.00 -4.50

Shipping Rates & Bunkers

Dirty Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
VLCC, 270 AG-FE 45,000 42,000
Suezmax, 130 WAF-UKC 30,000 28,000

Clean Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
LR2, 75 AG-FE 25,000 23,000
MR, 37 TC2 (UKC-USAC) 18,000 19,000

Time Charter & Asset Values

Vessel 1yr ($/day) Newbuild ($M) 5yr ($M)
VLCC, 200+ 52,000 127.0 112.0
Aframax, 100 35,000 75.0 65.0

LNG Vessels ($/day)

Type Spot Sentiment 52wk Avg
160M3 Tri-fuel diesel electric (East) 18,000 Firm 35,000
174M3 MEGI (Atlantic) 22,000 Firm 40,000

Bunkers ($/mt)

Port VLSFO HSFO MGO
Singapore 706.0 597.5 1,038.0

LPG (Spot TCE, $/day)

VLGC, 44 (AG-Japan) 40,000
VLGC, 44 (USGC-Japan) 45,000

Carbon Markets

Instrument Unit Bid Offer
European Union Allowances (Spot) EUR/ton 77.28 77.30

Equities & Currencies

Index Region Last Δ Day
S&P 500 United States 7,383.74 -200.57
Dow Jones Industrial Average United States 50,866.78 -695.15
Pair Region Last Δ Day
EUR/$ European Union 1.15 -0.01
$/JPY Japan 155.20 +0.30

Developments

  • US Stock Market Sees Steep Decline as Tech Sector Leads Sell-Off

    The S&P 500 plunged 2.6% on Friday, marking its worst day since October, as a strong jobs report fueled expectations of Federal Reserve interest rate hikes, triggering a broad sell-off in technology stocks.

    The Washington Post · Jun 5, 2026

  • Brent Crude Prices Retreat Amid Hopes for Strait of Hormuz Reopening

    Global benchmark Brent crude oil settled at $95.30 per barrel, down 2.84%, as traders reacted to potential progress in diplomatic efforts to reopen the Strait of Hormuz, easing supply concerns.

    Trade View (YouTube) · Jun 5, 2026

  • EU Carbon Prices Fall as Funding Details Emerge for Emissions Trading System

    European Union Allowances (EUAs) retreated on Friday after details indicated the EU would fund its Emissions Trading System Investment Booster from existing allowance reserves, leading to profit-taking.

    S&P Global · Jun 5, 2026

  • Trump Administration Announces $700 Million Investment in Coal Infrastructure

    President Donald Trump on Thursday unveiled a $700 million funding initiative, utilizing Cold War-era legislation, to support 14 coal plants, 42 coal mines, and the construction of two new coal plants and an export terminal.

    NAMPA · Jun 4, 2026

  • Strait of Hormuz Remains Critical Flashpoint Amid Iran War and US Blockade

    Despite reports of potential diplomatic progress, the Strait of Hormuz continues to experience severe congestion and instability due to the ongoing Iran War and a U.S. blockade, significantly impacting oil exports and maritime traffic.

    UANI · Jun 4, 2026

  • Antares Nuclear Achieves Criticality with Mark-0 Reactor

    Antares Nuclear announced on June 4 that its Mark-0 reactor achieved zero-power fueled criticality, marking the first novel reactor to reach criticality at Idaho National Laboratory in over 50 years.

    Iowa Public Radio · Jun 4, 2026