Coal news and updates

Coal prices in Europe have soared to a nine-year high due to a combination of increasing demand and supply constraints.

 

Prices for front-year coal futures on ICE Futures Europe breached the $101 per ton mark, hitting levels not seen since 2012, according to Bloomberg. 

 

This summer, demand for coal power generation has surged amid record heat waves across Europe and natural gas prices surging. Coal has become a much cheaper form of power generation since Russia has tighten gas markets and caused a supply storage crunch.

 

Source : https://oilprice.com/Latest-Energy-News/World-News