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Neutral As of Jun 29, 2026 17:00 ET Download PDF

Daily Energy & Shipping Briefing — Jun 29, 2026

Energy markets on Monday, June 29, 2026, showed mixed signals as crude oil prices rose amid renewed concerns over Strait of Hormuz disruptions, despite ongoing ceasefire efforts between the US and Iran. Equities saw gains, while carbon markets and bunker prices also moved.

Energy Prices

Crude

Instrument Unit Last Δ Day
Brent ICE $/bbl 73.15 +1.16
WTI NYMEX $/bbl 70.75 +1.52

Products

Instrument Unit Last Δ Day
RBOB Gasoline NYMEX c/gal 290.12 +7.53
ULSD Heating Oil NYMEX c/gal 285.50 +6.20

Natural Gas

Instrument Unit Last Δ Day
US Henry Hub NYMEX $/MMBtu 3.18 -0.05
TTF (Europe) ICE EUR/MWh 32.50 +0.80

Natural Gas Liquids

Instrument Unit Last Δ Day
US Mont Belvieu Propane NYMEX $/mt 378.14 +1.25
US Mont Belvieu Ethane NYMEX c/gal 28.50 +0.10

Price Spreads

Instrument Unit Last Δ Day
RBOB Gasoline/Brent Crack Spread $/bbl 23.19 -0.15
ULSD/Brent Crack Spread $/bbl 28.75 +0.20

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

Clean Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
LR2, 75 AG-FE 20,500 26,400
MR, 37 TC2 (UKC-USAC) 18,200 19,100

Time Charter & Asset Values

Vessel 1yr ($/day) Newbuild ($M) 5yr ($M)
VLCC, 200+ 49,000 127.0 112.0
Aframax, 105 28,000 72.0 65.0

LNG Vessels ($/day)

Type Spot Sentiment 52wk Avg
160M3 Tri-fuel diesel electric (East) 13,000 Flat 30,231
174M3 TFDE (Atlantic) 15,000 Soft 35,100

Bunkers ($/mt)

Port VLSFO HSFO MGO
Singapore 706.0 597.5 1,038.0
Rotterdam 695.0 585.0 1,020.0

LPG (Spot TCE, $/day)

VLGC, 44 (AG-Japan) 34,643
VLGC, 44 (USG-Japan) 41,200

Carbon Markets

Instrument Unit Bid Offer
European Union Allowances (Spot) EUR/ton 79.00 79.02

Equities & Currencies

Index Region Last Δ Day
S&P 500 United States 7,413.02 +59.00
FTSE 100 United Kingdom 8,120.50 +45.30
Pair Region Last Δ Day
EUR/$ European Union 1.14 +0.00
$/JPY Japan 158.20 -0.15

Developments

  • Oil prices rise as Brent climbs to $72.49 amid renewed Strait of Hormuz concerns.

    Oil prices opened higher on Monday, June 29, with Brent crude rising to $72.49 and WTI to $69.96, supported by renewed concerns over supply disruptions following fresh military exchanges between the US and Iran, heightening uncertainty in the Strait of Hormuz.

    GulfToday.ae · Jun 29, 2026

  • Middle East Producers Push on with Oil, LNG Loadings Despite Ship Attacks in Hormuz.

    Despite fresh ship attacks in the Strait of Hormuz and renewed US-Iran strikes, Middle East producers continued loading oil and LNG on June 29, with a US official stating both sides agreed to halt hostilities and renew talks.

    Reuters · Jun 29, 2026

  • S&P 500 rallies as US-Iran ceasefire hopes lift market sentiment.

    US equities, including the S&P 500, moved aggressively higher on June 29, 2026, driven by cautious optimism after weekend headlines suggested the ceasefire between the US and Iran was still on track despite renewed tensions.

    TheStreet · Jun 29, 2026

  • European Union auctions spot carbon permits at 79.01 euros/tonne.

    The European Union sold 2.818 million spot EU carbon permits on EEX at 79.01 euros per tonne on Monday, June 29, 2026.

    Reuters · Jun 29, 2026

  • Singapore Fuel Oil Stocks Fall 18% in June, VLSFO Lead Times Widen.

    Singapore's residual fuel oil stocks averaged 18% lower in June compared to May, with VLSFO supply tightening and recommended lead times varying significantly among suppliers, according to data from Enterprise Singapore.

    IndexBox · Jun 29, 2026

  • Cheniere progresses commissioning of seventh Corpus Christi expansion train.

    Cheniere Energy continued to advance the commissioning process for the seventh liquefaction train at its Corpus Christi expansion project, as reported on June 29, 2026.

    LNG Prime · Jun 29, 2026