Coal India Share Price Target: Gas prices increased due to Middle East crisis
According to brokerage reports, due to supply disruption in the Middle East, natural gas prices in Europe have increased by about 70 percent in a week. If this supply disruption continues for more than four to five weeks, gas prices could reach $100 per megawatt hour. Due to high prices of gas and LNG, many industries may switch from gas to coal, which is likely to increase the demand and prices of coal in the international market.
