8State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange, trading unspecified volumes from its eastern offshore KG-DWN-98/2 block. In a statement, ONGC said it will increase volumes slowly.

8Oil extended four weeks of gains amid tight fuel supplies and a weaker dollar, though elevated prices are fanning concerns that the world economy may be heading for a recession.

8Russian Industry Minister Denis Manturov on Monday called on countries in the group of emerging economies known as the BRICS to establish joint oil and gas refining facilities with Russia, TASS news agency reported.

8The world is facing a major oil supply crunch as most companies are afraid to invest in the sector amid green energy pressures, the head of Saudi Aramco told Reuters, adding it cannot expand production capacity any faster than promised.

India has been buying some DAP at significantly cheaper prices
8Where is it sourcing it from

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8One NPS shipment is coming on 23 May 2022
8One Phos acid shipment is coming on 31 May 2022
8One Sulphur shipment is coming on 29 May 2022

8IMARC Group’s latest research report, titled “Indian Fertilizer Market Future Growth: Industry Trends, Share, Size, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

8The initial public offering (IPO) of fertilizer company Paradeep Phosphates was subscribed 1.75 times over the 26.86 crore shares that were on offer during the subscription period from May 17-19, 2022. The price band was fixed at Rs 39- 42 per share. 

8According to the research report Global Nitrogenous Fertilizer Market Outlook, 2027 the fertilizer market is anticipated to grow at a CAGR of 5.27% by 2027.

8The Indian government is working on options to ensure fertilizer supply from Russia, including establishing a mechanism to work out the cost of fertilizer in Rupee and in return the traders can export Indian items to of similar value, sources said.

A significant hike inadipic acid prices in the Ahmedabad market was recorded today.

On May 24, 2022, the Mumbai and Delhi markets witnessed a fall in zinc oxide prices.

A gain in zinc oxide prices was noted today in the  market of Ahmedabad.

On May 24, 2022, manganese sulfate prices moved higher in the Ahmedabad market.

Silicon metal grade 553 prices have escalated in the Mumbai market.

Secondary lead prices were assessed lower in the Delhi market.

Prices of rPP injection moulding (polypropylene scrap) have witnessed a sharp decline in Mumbai.

Copper plate prices were quoted lower in the Delhi metal market today.

NPG prices firmed up in Ahmedabad in anticipation of tight regional product avails and improved buying sentiments.

On May 24, 2022, the Mumbai market witnessed a fall in polymeric MDI prices.

On May 24, 2022, Petrochem sources confirmed that DBP prices had fallen sharply in Chennai.

Petrochem sources have reported a huge fall in MMA prices in the Mumbai market.

An increase in electrolytic copper rod prices was noted today in the metal market of Ahmedabad.

A sharp fall in cyclohexanone prices in the imported market of Ahmedabad was recorded today.