Russia announces state of emergency after 20,000-tonne oil leak inside Arctic Circle

A diesel power plant owned by a subsidiary of Norilsk Nickel collapsed last Friday, leaking the fuel into the Ambarnaya river

‘One in three people globally dissatisfied with environmental efforts’

According to Gallup’s annual Earth Day poll, people’s satisfaction ranges from 10% in Lebanon to 93% in the UAE

IKEA’s owner acquires solar parks in Texas

The Misae solar project in Texas is expected to produce enough electricity to power 50 IKEA Stores

US Senators write to Saudi Arabia to call off ‘oil war’ with Russia

They said Riyadh’s decision to boost oil output has contributed to a disruption in global oil prices on top of already buckling financial markets

Arctic station
Russia to build new arctic research station fuelled by renewables and hydrogen

A new diesel-free ‘living laboratory’ will rise from the tundra to host research on renewable energy and smart cities

Agreement signed for transit of Russian gas to Europe via Ukraine

Under the terms of the deal, Russia is obligated to send 65bn cubic meters (bcm) of gas through Ukraine in 2020 and 40bcm of gas from 2021 to 2025

Warmer temperatures cause Russian bears to wake from hibernation early

The zoo suggested the animals would not be able to hibernate properly until the temperature fell to -10°C

London-based bank pledges $50m to help Moldova secure emergency gas

Moldova faces the risk of disrupted supply if Russia and Ukraine fail to extend a gas transit agreement that expires on 31st December 2019

Good News on Gas?

Every winter the term ‘security of supply’ comes to the fore. Sensationalist headlines start to appear questioning whether we will ‘keep the lights on’ or face ‘blackouts this winter’.

The Crude Oil Outlook for 2019

Throughout 2018, many market analysts found the price of oil difficult to predict, with economic and political events confounding market expectations and leading to inaccurate predictions