Bangladesh is to make its payments to Russia for the Rooppur nuclear power plant construction in Chinese yuan as a result of sanctions stopping payments in US dollars.

Annual inflation in Russia slowed to 3.51% in March 2023 from 10.99% in February, reaching its lowest level since July 2020.

Power Grid Corporation of India Limited (PGCIL) recently obtained approval to invest Rs.803 crore for electricity transmission projects in India.

U.S. commercial crude oil inventories decreased by 4.6 million barrels to 466.0 million barrels.

Brent climbed 34 cents, or 0.39%, to $86.43 per barrel, WTI rose 40 cents, or 0.49%, to $82.56.

For 2023, the world oil demand growth forecast remains unchanged at 2.3 mb/d, with the OECD Americas and OECD Europe revised slightly lower, while China is revised higher, with jet/kerosene and gasoline leading demand growth.

Urals, Russia’s main crude export blend, has traded at a significant discount to the Brent benchmark since the European Union banned almost all seaborne imports of oil and petroleum products from the country, and the Group of Seven industrialized nations imposed a price cap.

China will boost economic relations with France and enhance business cooperation in both traditional sectors such as aviation, nuclear energy and high-end consumption and emerging areas such as medicine and new energy.

Hungary has said it intends to press ahead with its plans for a new Russian-built nuclear power plant at Paks II, despite the Russian war with Ukraine and the European Union (EU) imposition of a range of sanctions against Russia.

The statement was signed in Seoul on 10 April by British Energy Security Secretary Grant Shapps and South Korean Trade, Industry and Energy Minister Lee Chang-yang.