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      North Sea Oil Freight Rates Increase Amidst Stable Pricing

      Freight rates for North Sea oil have seen an upward trend, with Aframax rates rising once again. This increase comes as Platts has maintained the October Forties de-escalator at 15 cents, indicating a stable pricing strategy for the month.

      Despite the rise in freight rates, the North Sea crude market has experienced a lull, with no bids or offers recorded during the Platts pricing window for two consecutive days. This stagnation suggests a cautious approach from market participants amid fluctuating global oil dynamics.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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