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8Green trade deals can help to end the world's dependence on Russian oil and gas and "de-Putinise" the global economy, Britain's trade minister Anne-Marie Trevelyan will say in a speech on Wednesday.

8Indian Oil Corporation (IOC), the nation's biggest oil firm, on Tuesday reported a 31.4 per cent drop in the fourth quarter net profit as record refining margins were wiped away by a margin squeeze in petrochemicals and losses on auto fuel sales. Standalone net profit of Rs 6,021.88 crore, or Rs 6.56 a share, in January-March, compared with Rs 8,781.30 crore, or Rs 9.56 per share, in the same period a year back, the company said in a stock exchange filing. Sequentially, the profit was higher than Rs 5,860.80 crore in the previous quarter. [ET]

8India’s wholesale price index (WPI)-based inflation touched a 17-year high of 15.08 per cent in April from 14.55 per cent in March on the back of rising fuel and vegetable prices.

8Oil prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China as the country gradually eases some of its strict COVID-19 containment measures.

8The crisis in the price and availability of agricultural fertilizers is having a major impact on global agriculture, and has even raised fears of food insecurity.

On May 18, 2022, Petrochem sources confirmed that benzene prices have increased in the Vizag market.

On May 18, 2022, MP Diol prices pushed higher in the Kandla market.

Toluene prices moved higher today in the Kandla chemical market.

Petrochem sources reported a rise in Kandla’s acetic acid prices today.

MDC prices in the Mumbai market have registered a fall today.

Petrochem sources have reported a fall in rubber accelerator grade NOBS prices in the Delhi market.

A sharp hike in copper bar prices in the Mumbai metal was confirmed today.

Petrochem sources have reported a sharp cut in electrolytic copper rod prices in the Delhi market.

Fresh prices have been announced for chrome oxide in Ahmedabad.

Demand for silicon metal grade-553 prices is slowly gathering speed in Delhi.

High ferro silicon prices were recorded in Delhi today.

A significant hike inhigh resilience polyurethaneprices in the Delhi market was recorded today.

Petrochem sources reported a significant fall inBDO prices in the Ahmedabad market.

Butyl rubber 1240 prices have increased in the Ahmedabad domestic market today.

PBR grade 01 prices have gained in the Delhi market today.

Bright aluminum wire prices have climbed in the Mumbai market today.

Secondary lead prices in the Mumbai market registered a fall today.

Petrochem sources reported a significant fall in zinc oxide prices in the Delhi market.

A cut in zinc ingot prices was announced in the Ahmedabad market today.