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Bearish As of Jun 24, 2026 13:03 EDT Download PDF

Daily Energy & Shipping Briefing — Jun 24, 2026

Global energy markets on June 24, 2026, saw crude oil prices decline significantly as geopolitical tensions eased with a US-Iran deal and concerns about slowing economic growth weighed on demand. Natural gas prices remained relatively stable, supported by strong demand and healthy storage levels. Equity markets presented a mixed picture, with the Dow Jones Industrial Average rising while the S&P 500 and Nasdaq experienced declines due to tech sector volatility.

Energy Prices

Crude

Instrument Unit Last Δ Day
Brent ICE $/bbl 74.21 -2.61
WTI NYMEX $/bbl 70.59 -2.50

Products

Instrument Unit Last Δ Day
RBOB Gasoline NYMEX c/gal 288.18 -7.72
NY Harbor ULSD NYMEX c/gal 310.00 -5.00

Natural Gas

Instrument Unit Last Δ Day
US Henry Hub NYMEX $/MMBtu 3.16 +0.08

Natural Gas Liquids

Instrument Unit Last Δ Day
US Mont Belvieu Propane NYMEX $/mt 369.37 -6.30

Price Spreads

Instrument Unit Last Δ Day
RBOB Gasoline/Brent Crack Spread $/bbl 46.83 -0.63

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, 70 Caribs-USGC 21,000 20,500

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) 15,000 17,500

Time Charter & Asset Values

Vessel 1yr ($/day) Newbuild ($M) 5yr ($M)
VLCC, 200+ 49,000 127.0 112.0
Suezmax, 150 35,000 85.0 75.0

LNG Vessels ($/day)

Type Spot Sentiment 52wk Avg
160M3 Tri-fuel diesel electric (East) 13,000 Flat 30,231
160M3 Tri-fuel diesel electric (West) 12,000 Flat 28,000

Bunkers ($/mt)

Port VLSFO HSFO MGO
Singapore 715.0 425.0 585.0
Rotterdam 690.0 410.0 570.0
Fujairah 705.0 420.0 580.0

LPG (Spot TCE, $/day)

VLGC, 44 (AG-Japan) 34,643
VLGC, 44 (USGC-Japan) 60,000

Carbon Markets

Instrument Unit Bid Offer
European Union Allowances (Spot) EUR/ton 69.34 69.36

Equities & Currencies

Index Region Last Δ Day
S&P 500 United States 7,358.22 -7.24
Dow Jones Industrial Average United States 51,848.90 +182.06
Pair Region Last Δ Day
EUR/$ European Union 1.14 0.00

Developments

  • Oil Prices Continue Slide as Trump Threatens Major Drillers

    Brent crude fell 3.4% to $74.21 a barrel on June 24, 2026, as the U.S. and Iran negotiated a possible end to their war, and President Donald Trump announced a Justice Department investigation into oil companies for alleged price gouging.

    Transport Topics · Jun 24, 2026

  • Natural Gas Rises as Forecasts See Hot Weather on the Way

    Natural gas prices edged higher on June 24, 2026, driven by forecasts of hot weather across the US, which is expected to increase cooling demand.

    YCharts News · Jun 24, 2026

  • Constellation and Walmart Announce Long-Term Agreement to Support Reliable, Emissions-Free Nuclear Energy in Illinois

    On June 23, 2026, Constellation and Walmart announced a long-term nuclear power purchase agreement for emissions-free electricity from Constellation's Dresden Clean Energy Center, supporting reliable nuclear energy and planned efficiency upgrades.

    Constellation · Jun 23, 2026

  • Mega-merger Proposed to Power Data Center Alley

    NextEra Energy agreed to acquire Dominion Energy in a roughly $67-billion deal, announced on May 18, 2026, aiming to create the world's largest regulated electric utility to meet surging power demand from artificial intelligence data centers.

    AAF · Jun 23, 2026

  • Henry Hub Natural Gas Futures Prices Remain Stable Amid Easing Geopolitical Risks

    Henry Hub futures prices averaged $3.19 per MMBtu for the month through June 24, 2026, supported by robust dry gas production and healthy storage levels, with geopolitical risks easing following a US-Iran memorandum of understanding.

    EIA · Jun 25, 2026

  • Stocks Waver to Mixed Close on Wall Street as Tech Weighs

    US stock indexes closed mixed on June 24, 2026, with the S&P 500 and Nasdaq falling due to losses in several tech giants, while the Dow Jones Industrial Average rose, and declining oil prices helped ease inflation concerns.

    Associated Press · Jun 24, 2026