Federal Reserve Chair nominee Warsh: Will act independently as Federal Reserve Chair.

Energy: 1. Eni discovers large offshore natural gas resources in Indonesia. 2. Kuwait declares force majeure affecting oil shipments due to disruptions in the Strait of Hormuz. 3. US Energy Secretary assesses gasoline prices won't drop to $3 until next year; Trump: That's a big mistake. 4. Indonesian Ministry of Energy: As of April 13, Indonesian biodiesel consumption reached 3.9 million liters. 5. The Dutch government launched a €1 billion relief package on April 20 to alleviate the pressure on individuals and businesses from high energy prices. 6. White House: President Trump signed memorandums related to the coal supply chain and natural gas transmission, processing, storage, and liquefied natural gas capacity. 7. According to Al Jazeera: Iraqi Oil Ministry stated that oil exports via the Kirkuk-Ceyhan pipeline will resume within days, at a rate of 500,000 barrels per day. 8. UK Government: New energy plans include long-term fixed-price contracts for renewable energy to protect households during periods of soaring natural gas prices. The measures announced today will further reduce the share of the electricity market affected by natural gas price volatility and provide economic incentives for power generators to switch to fixed contracts unaffected by volatile natural gas prices. Precious Metals and Mining: 1. Peruvian Ministry of Energy and Mining: Peruvian copper production in February increased by 2.9% year-on-year to 223,263 tons. 2. Rio Tinto's first-quarter alumina production was 2 million tons, up 6% year-on-year; aluminum production was 840,000 tons, up 1% year-on-year; and copper production was 229,000 tons, up 9% year-on-year. Agriculture: 1. CEO of chemical company Fertiglobe: Nitrogen fertilizer prices may rise further. Strait of Hormuz Situation: 1. A cargo ship flying the Iranian flag is transiting the Strait of Hormuz. 2. Iran has pledged to ensure unimpeded passage of Russian vessels through the Strait of Hormuz. 3. Indian government officials: As of now, 10 Indian vessels have safely transited the Strait of Hormuz. 4. Ship tracking data shows that overall shipping traffic through the Strait of Hormuz remained largely stagnant on Monday. On Monday, an LPG tanker and a chemical tanker entered the Gulf via the Strait of Hormuz, while an oil tanker exited the Gulf via the Strait of Hormuz.

CEO of French utility Engie: In cold weather, current electricity production cannot meet demand, and we must rely on natural gas.