Monday, June 4, 2007

European 2008 Coal Price Climbs to Record; U.K. May Burn More Natural Gas

(Bloomberg) -- Coal for delivery in 2008 delivery in
northwest Europe rose to a record, making natural gas a more
profitable fuel for U.K. power generators over the summer.

Coal for delivery at Amsterdam, Rotterdam and Antwerp
climbed as much as $1, or 1.3 percent, to $77 a metric ton,
according to prices on Bloomberg from ICAP Plc. It traded at
$76.80 a ton as of 10:12 a.m. in London.


Read more at Bloomberg Energy News

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