Coal Prices Surge In The Global Energy Crunch

European coal prices have hit a 13-year high as coal supply to Europe remains constrained and utilities fire up more coal power plants amid surging natural gas prices. The price of coal for delivery next year to the Amsterdam-Rotterdam-Antwerp (ARA) hub has risen by 2.6 percent to $137 per metric ton, Bloomberg reports. The prices are at their highest since 2008 as more coal is added to Europe’s electricity output these days amid record-high gas prices, and as supply and stockpiles are scrambling to meet demand. “Stock levels across…