OPEC, Russia and nine other allies delivered a new production cut deal Friday, just hours after it appeared their pact was close to unravelling.

Benchmark cash Dubai and Oman crude premiums fell Friday at the end of the Platts Market on Close assessment process for sour crude, even as OPEC+ announced deeper production cuts for the groups supply output, a large chunk of which is priced against the two benchmarks.

The front-month European low sulfur gasoil crack has declined about 6.5% from one month ago, a trend that cash market sources said was likely to attributable to slack regional demand.

Brazilian state-led oil giant Petrobras remains tightly focused on developing its huge offshore oil and gas resources despite rapidly escalating public concerns over the climate impact from fossil fuels, its chief executive said Friday.

Combined stock levels for fuel oil in the Amsterdam-Rotterdam-Antwerp hub climbed 51,000 mt or 5.4% to 935,000 mt in the week to Wednesday, according to data from Insights Global, just 26 days before the sulfur cap on marine fuel decreases from 3.5% to 0.5% next year.

Inventories of heavy distillates and residues fell 17% during November 25 till December 2.

New Delhi's is aiming to boost the share of gas in its energy mix from nearly 6% currently to 15% by 2030.

Methanol barge prices at Rotterdam have been $228/mt lower than 0.5% sulfur marine fuel barges over the past month.

"Arab Extra Light suits our units ... Arab Heavy is similar to [Iraq's] Basrah Light," a source said.

Saudi Aramco on Monday hiked official selling price differentials for a majority of its crude grades globally.

Russian oil major Gazprom Neft plans to supply 0.5% sulfur marine fuel from its Omsk refinery in 2020, company officials said in an interview on the company's website.

The company is offering 0.5% sulfur fuel oil at ports in Europe, the Americas and Africa.

In Europe, the new fuel is available at Gibraltar, Algeciras, Las Palmas, Malta and in the Amsterdam-Rotterdam-Antwerp region, the official said.

It supplies low sulfur products to Hamburg and Bremerhaven, and all bunker grades to Singapore and Malaysia.

Eni's 190,000 b/d Sannazzaro de Burgondi refinery in northern Italy will supply 0.5% sulfur bunker fuel.

The "Gas fueled LPG" notation covers internal combustion engines, boilers and gas turbines for both gas-only and dual-fuel operations.

Nautilus members have also highlighted a range of safety and operational concerns, including incidents of power loss when changing fuels, lubrication issues.

An EPA spokeswoman said the agency "hopes to finalize the rule this winter."

The GSP was now valid until December 31, 2024, the MPA said.

Increased blending due to IMO 2020 likely to spur bunker fuel quality issues.