The European Union's ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more than an embargo on crude oil. Although Western sanctions could force Russia to cut crude production and refining runs, which would further tighten global supplies, some analysts said the ban on products may ultimately have little impact on overall availability. "Barrels will get out and find a market, logistical challenge but not a supply challenge," senior research associate Ian Moore at global brokerage firm Bernstein.
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Bangladesh has sent a letter to Adani Power Ltd to negotiate a lower import price for coal under a power purchase agreement, the state minister for energy and power told Reuters on Thursday. "We are following Newcastle index pricing for importing coal," said Nasrul Hamid. Adani Power did not immediately respond to a request for comment from Reuters.