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Bullish As of Sep 8, 2026 09:00 ET Download PDF

Daily Energy & Shipping Briefing — Sep 08, 2026

Global energy markets are experiencing significant upward pressure, primarily driven by escalating geopolitical tensions in the Middle East, which are disrupting shipping lanes and tightening crude oil and LNG supplies. Tanker freight rates are also seeing a bullish trend, with secondhand vessel prices reaching new highs amidst the heightened market activity.

Energy Prices

Crude

Instrument Unit Last Δ Day
Brent ICE $/bbl 99.05 +1.95
WTI NYMEX $/bbl 94.25 +1.85

Products

Instrument Unit Last Δ Day
RBOB Gasoline NYMEX c/gal 326.75 +4.47

Natural Gas

Instrument Unit Last Δ Day
US Henry Hub NYMEX $/MMBtu 2.98 +0.00

Natural Gas Liquids

Instrument Unit Last Δ Day
US Mont Belvieu Propane NYMEX $/mt 380.00 +1.50

Price Spreads

Instrument Unit Last Δ Day
RBOB Gasoline/Brent Crack Spread $/bbl 38.19 +0.14

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 32,000 29,000

Clean Tanker (Spot TCE, $/day)

Vessel Route Spot TCE Avg YTD
LR2, 75 AG-FE 28,000 25,000
MR, 37 TC2 22,000 20,000

Time Charter & Asset Values

Vessel 1yr ($/day) Newbuild ($M) 5yr ($M)
VLCC, 200+ 52,000 130.0 118.0

LNG Vessels ($/day)

Type Spot Sentiment 52wk Avg
160M3 Tri-fuel diesel electric (East) 18,000 Firm 28,000

Bunkers ($/mt)

Port VLSFO HSFO MGO
Singapore 530.0 440.0 600.0

LPG (Spot TCE, $/day)

VLGC, 44 (AG-Japan) 38,000

Carbon Markets

Instrument Unit Bid Offer
European Union Allowances (Spot) EUR/ton 84.88 84.88

Equities & Currencies

Index Region Last Δ Day
S&P 500 United States 7,730.00 +11.40
Pair Region Last Δ Day
EUR/$ European Union 1.16 +0.00

Developments

  • Oil Prices Surge to Six-Week Highs Amid Escalating US-Iran Tensions in Hormuz

    Crude oil benchmarks Brent and WTI climbed significantly, with Brent nearing $100/bbl, as military escalation between the U.S. and Iran intensified, leading to tanker strikes and fears of supply disruptions in the Strait of Hormuz.

    Reuters/Bloomberg · Sep 7, 2026

  • Global LNG Prices Soar as West Asia Conflict Squeezes Supplies and European Storage Remains Low

    Liquefied Natural Gas (LNG) prices have surged to multi-year highs, driven by disruptions to West Asian supplies and low natural gas storage levels in Europe, forcing Asian buyers to compete fiercely for cargoes.

    JPT/Business Standard · Sep 7, 2026

  • OPEC+ Maintains Oil Output Quotas for October Amidst Hormuz Disruptions

    OPEC+ decided to keep its combined oil production quota unchanged for October 2026, a move that comes as the Strait of Hormuz conflict continues to disrupt tanker flows and new 2027 output baselines are under review.

    Vantage Markets · Sep 7, 2026

  • Bullish Secondhand Tanker Market Sees Record Prices for VLCCs

    The secondhand tanker market is experiencing a significant boom, with VLCC prices reaching record highs, driven by strong demand and geopolitical factors that favor prompt vessel availability over newbuilds.

    Seatrade Maritime News · Sep 7, 2026

  • Goldman Sachs Raises Oil Price Forecasts for 2026 and 2027 Due to Middle East Shipping Risks

    Goldman Sachs has increased its oil price projections for December 2026 and 2027 by $5 per barrel, citing ongoing disruptions in Middle Eastern shipping lanes as a primary factor.

    GuruFocus · Sep 8, 2026

  • US Natural Gas Futures Advance on Warm Weather Forecasts and Strong LNG Demand

    Natural gas futures saw gains as updated mid-September weather models projected above-average temperatures across the US, boosting cooling demand, while robust international LNG demand continued to support feedgas intake.

    NGI · Sep 7, 2026