보기: Market Movers Americas, April 25-29: Global Power Conference kicks off, US supply chain in focus

In this week's Market Movers: The Global Power Markets conference by S&P Global Commodity Insights will take place in Las Vegas; US metals producers will discuss supply chains as major companies close out first-quarter earnings; and tanker freight plummets despite the US ban on Russian-affiliated ships.

Starting off, the Global Power Markets conference by S&P Global Commodity Insights will take place in Las Vegas on April 25-27. We will be discussing how the demand and price signals intersect for miners' power needs. So far, the Electric Reliability Council of Texas is evaluating the recent increase in demand due to an acceleration of Crypto miners. ERCOT has emphasized that the reliability of the Texas electric grid is a top priority, as well as finding alternative options to welcome and realize growth in Texas' cryptocurrency industry. ERCOT and the rest of the market are working with the crypto industry to ensure that they can grow and thrive in Texas with the premise of preserving grid reliability, which will also allow the industry to create jobs and strengthen Texas's economy. Additional topics at the conference include navigating short-term energy solutions, creating the long-term energy mix, the future of nuclear power, industry investment trends and lots more.

In metals, US Steel and Century Aluminum will release earnings this week, closing out the first-quarter earnings period for the US' steel and aluminum majors. Both companies are expected to discuss how a rebound in pricing trends and Russia's invasion of Ukraine are impacting supply chains, as well as guidance for the remainder of the year. Metal demand in the automotive sector will also be in focus, as automakers continue to struggle with logistical challenges. This brings us to our social media question of the week: Given ongoing issues related to the global semiconductor shortage, how long will it take for American auto production to normalize? Tweet us your thoughts.

And in the freight market, the announced ban on Russian-affiliated ships at US ports is believed to have minimal impact on Americas tanker markets, as time charter agreements on tonnage from Russian shipping company Sovcomflot were already canceled back in March when US sanctions on oil imports from Russia took hold. Ballasters chased US Gulf Coast-loading clean tanker freight 60% lower last week from the early-April peak. Freight traders expect further declines this week, as charterers stand on the sidelines prompting freight to potentially break through 1.75 million dollars on the Medium Range USGC-to-Chile route and Worldscale 195 on the Medium Range USGC-to-Brazil run. Crude tanker brokers anticipate fixtures on the trans-Atlantic Aframax and Suezmax runs to push below last done levels of worldscale 175 and worldscale 95.

Finally, don't forget to download the latest issue of Commodity Insights magazine, which brings energy security into focus amid challenges brought about by geopolitical tensions and the transition to cleaner fuels. You can find Insight magazine by visiting the address displayed on your screen. Thanks for kicking off your Monday with us and have a great week ahead.