• Drought and heat drive European electricity prices to all-time highs

    Drought and heat have pushed European benchmark electricity prices to all-time highs on August 2, 2022. As a result, countries are relying even more on Russian gas to meet increased power demand instead of storing it for the coming winter season, as recently agreed in Brussels.

  • Increased likelihood of eruption near Fagradalsfjall, Iceland

    An intense earthquake swarm that started in the Krýsuvík-Trölladyngja volcanic system on July 30 continues and, according to the latest analysis by the Icelandic Meteorological Office (IMO), the chances of eruption in the area around Fagradalsfjall in the coming days or weeks have increased and are considered significant.