Russians leak 20,000 tonnes oil inside Arctic Circle

Russians leak 20,000 tonnes oil inside Arctic Circle: A state of emergency was announced in Russia after a 20,000-tonne oil spill has polluted an area of 135 square miles of the Arctic Circle. A subsidiary of Norilsk Nickel‘s diesel power plant collapsed last Friday, leaking the fuel into the Ambarnaya river – the collapse was…
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Oil prices crash causes GB gas and power prices to go into freefall

Oil prices crash causes GB gas and power prices to go into freefall: Following the impacts of Covid-19 on global demand and oil price disputes between Russia and Saudi Arabia, Brent crude oil prices fell to a 17-year low of below $26/bl. on 18 March 2020. The recent crash saw prices record the most significant…
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Oil price slump has the potential to lower energy bills

Oil price slump has the potential to lower energy bills : The price of crude oil has fallen by just over a third since last Thursday ($50/bl) following the apparent collapse of the production sharing deal between OPEC and Russia (OPEC+) due to an inability by the group to agree on a concerted response to…
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