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This is the best summary I could come up with:

COPENHAGEN, Nov 13 (Reuters) - Seismic activity in southwestern Iceland decreased in size and intensity on Monday, but the risk of a volcanic eruption remained significant, authorities said, after earthquakes and evidence of magma spreading underground in recent weeks.

Almost 4,000 people were evacuated over the weekend as authorities feared that molten rock would rise to the surface of the earth and potentially hit a coastal town and a geothermal power station.

The Icelandic Meteorological Office said on Monday there was a “significant likelihood” of an eruption in coming days on or just off the Reykjanes peninsula near the capital Reykjavik, despite the size and intensity of earthquakes decreasing.

“We believe that this intrusion is literally hovering, sitting in equilibrium now just below the earth’s surface,” said Matthew James Roberts, director of the service and research division at the meteorological office.

Thorvaldur Thordarson, professor in vulcanology at the University of Iceland, said most recent data indicated a smaller risk of an eruption in the area around the town of Grindavik.

Inhabitants of Grindavik described being whisked from their homes in the early hours of Saturday as the ground shook, roads cracked and buildings suffered structural damage.

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