Breaking
Posted 5 hours ago
North Sea Aframax Freight Rates Rise; Crude Trading Stalls
Aframax freight rates climbed again while Platts held October Forties de-escalator at 15 cents. No bids or offers appeared for North Sea crude for a second consecutive day, signaling weak liquidity. Rising transport costs feed into Brent pricing and affect CAD through crude; stalled trading suggests price discovery breaking down in key benchmarks.
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