Global Coal Prices Surge as Ukraine Tensions Worsen Supply Woes -

"Europe relies on Russia for around 35% of its natural gas, and has been grappling with a gas shortage since last summer that sent local prices to record highs late last year."

Why this is important: World coal prices are rising after an end-of-year dip due to concerns over Ukraine/Russian tensions rising and coal supply woes causing countries like Indonesia to keep more coal for domestic consumption instead of exporting it. For Europe, 35 percent of its gas comes from Russian pipelines. Concerns over a Ukraine invasion by Russia and higher gas prices generally are leading to a resurgence of coal-fired electrical power generation in Europe. Also in reaction to rising prices, some countries like China and Philippines are focusing on increasing domestic production. All this turmoil likely will help U.S. coal and gas exports and create higher prices.