보기: Market Movers Americas, April 4-9: US oil execs in hot seat over pump prices; steel keeps climbing

In this week's Market Movers: Congress will question top energy executives about high gasoline prices, finished steel prices rise on bullish sentiment, US high-sulfur coal sees demand shrink in Europe, and Pennsylvania's entry to the Regional Greenhouse Gas Initiative likely is pushed back to Q3.

Starting in Washington, the heads of six top US oil companies will be questioned by Congress on April 6 about high gasoline prices. Democratic lawmakers argue that US oil and gas producers are taking advantage of the Russian war on Ukraine to keep prices high and increase their own profits. The top executives at ExxonMobil, Chevron, BP America, Shell USA, Pioneer Natural Resources and Devon Energy are set to testify. The hearing will be held by the House Energy and Commerce Committee's investigation subcommittee. This brings us to our social media question of the week: What can US oil and gas producers do to bring pump prices down? Tweet us your thoughts.

In metals, US steelmakers are announcing price increases as raw material prices continue to rise following Russia's invasion of Ukraine. Rising transportation and fuel costs are also supporting prices. In our steel market survey of US producers, distributors, traders and end-users, 91% expect prices to rise in April, compared with 59% in March. Of those bullish participants, 40% expect a rise of more than 5% in finished steel prices. No survey respondents anticipate prices will fall in April.

Turning to power, Pennsylvania faces pushback from lawmakers in its aim to join the Regional Greenhouse Gas Initiative, an effort by New England and Mid-Atlantic states to reduce power sector CO2 emissions. The Pennsylvania Senate will vote this week to try to overturn the governor's veto of a Senate resolution that would have hindered the state from joining RGGI, achieving climate goals and reducing carbon emissions. Experts say it's unlikely to receive the two-thirds majority needed. Pennsylvania Governor Tom Wolf made joining RGGI a focus of his climate change plans, but the state's RGGI entry is now likely pushed back to the third quarter.

And finally, high-sulfur US coal is losing its place in European cement and utility markets with no low-sulfur Russian material available to blend it with. Emissions restrictions prevent high-sulfur coal from being burned in Europe, which has prompted buyers to seek low-sulfur material from new suppliers. This is proving to be a challenge. Most low-sulfur US coal is exported from the West Coast where transportation to Europe is not logistically feasible. Meanwhile, East Coast-shipped low-sulfur spot coal cargoes are in limited supply amid slow rail cycle times and limited port capacity.

The Platts Atlas of Energy Transition is your map to the sustainable commodity markets of the future. You can explore the Atlas by visiting the address displayed on your screen. Thanks for kicking off your Monday with us and have a great week ahead.