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Bearish As of Jun 15, 2026 16:00 ET Download PDF

Daily Energy & Shipping Briefing — Jun 15, 2026

The energy markets experienced a significant downturn on Monday, June 15, 2026, as crude oil prices plunged following news of a preliminary peace agreement between the U.S. and Iran, which is expected to lead to the reopening of the Strait of Hormuz. This development eased geopolitical risk premiums and supply fears, while global equities rallied on improved risk sentiment, particularly in the technology sector.

Energy Prices

Crude

Instrument Unit Last Δ Day
Brent ICE $/bbl 83.30 -4.02
WTI NYMEX $/bbl 80.58 -4.26

Products

Instrument Unit Last Δ Day
RBOB Gasoline NYMEX c/gal 253.09 -10.26
ULSD Heating Oil NYMEX c/gal 265.00 -9.50

Natural Gas

Instrument Unit Last Δ Day
US Henry Hub NYMEX $/MMBtu 3.10 -0.02
Europe TTF ICE EUR/MWh 35.50 -1.20

Natural Gas Liquids

Instrument Unit Last Δ Day
US Mont Belvieu Propane NYMEX $/mt 382.60 -15.22
US Mont Belvieu Ethane NYMEX c/gal 28.50 -0.80

Price Spreads

Instrument Unit Last Δ Day
RBOB Gasoline/Brent Crack Spread $/bbl 23.00 -0.48
ULSD/Brent Crack Spread $/bbl 28.50 -0.75

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 28,500 27,800
Aframax, 80 Caribs-USG 22,100 21,500

Clean Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
LR2, 75 AG-FE 20,500 26,400
LR1, 55 AG-FE 18,000 22,000
MR, 37 TC2 (UKC-USAC) 16,500 19,800

Time Charter & Asset Values

Vessel 1yr ($/day) Newbuild ($M) 5yr ($M)
VLCC, 200+ 49,000 127.0 112.0
Suezmax, 150 32,000 85.0 75.0

LNG Vessels ($/day)

Type Spot Sentiment 52wk Avg
160M3 Tri-fuel diesel electric (East) 13,000 Flat 30,231
174M3 MEGI (Atlantic) 15,000 Flat 35,000

Bunkers ($/mt)

Port VLSFO HSFO MGO
Singapore 500.0 415.0 575.0
Rotterdam 515.0 430.0 590.0

LPG (Spot TCE, $/day)

VLGC, 44 (AG-Japan) 34,643
VLGC, 44 (USG-Japan) 38,500

Carbon Markets

Instrument Unit Bid Offer
European Union Allowances (Spot) EUR/ton 69.34 69.36
California Carbon Allowances (Spot) USD/ton 38.10 38.20

Equities & Currencies

Index Region Last Δ Day
S&P 500 United States 7,554.29 +122.83
Dow Jones Industrial Average United States 51,671.03 +468.77
Nasdaq Composite United States 26,683.94 +795.10
Pair Region Last Δ Day
EUR/$ European Union 1.16 +0.00
USD/JPY Japan 159.70 -0.20

Developments

  • US-Iran Peace Deal Sparks Global Market Rally, Oil Prices Plunge

    A preliminary peace agreement between the United States and Iran, expected to reopen the Strait of Hormuz, sent global stock markets surging and crude oil prices tumbling on Monday. This development eased geopolitical risk premiums and supply fears.

    Reuters/Bloomberg/TheStreet · Jun 15, 2026

  • OPEC+ to Implement 188,000 BPD Production Adjustment in July

    Seven OPEC+ nations, including Saudi Arabia and Russia, decided on June 7, 2026, to implement a production adjustment of 188,000 barrels per day, effective July 2026, to support market stability.

    OPEC.org · Jun 07, 2026

  • Technology Stocks Lead S&P 500 Higher Amid Easing Geopolitical Tensions

    The S&P 500 and Nasdaq Composite saw significant gains, with technology and communication services sectors outperforming, as improved risk appetite followed the US-Iran peace framework.

    TheStreet/Morgan Stanley/Bloomberg · Jun 15, 2026

  • Asian HSFO Market Structure Weakens to Pre-War Levels on US-Iran Deal

    The Asian high sulfur fuel oil market structure and refining margins fell to their lowest levels since the Middle East conflict began, driven by expectations of reinstated oil exports through the Strait of Hormuz.

    S&P Global Platts · Jun 16, 2026