A new report published by Ofwat states that performance and service levels provided by wholesalers within the business retail water market need to improve if the market is to reach its full potential.
Gas prices increased yesterday as attacks on oil tankers in the Middle East led to a sharp rise in crude oil prices which transferred to other fuel markets. Cooler temperatures and restricted supply from Norway also resulted in a short system.
Gas prices stabilised towards the end of Wednesday’s session following an indecisive day of trading. Overall commodity markets were bearish, with coal and oil both displaying losses, but higher gas demand offered support to the front of the curve.
Gas prices decreased during yesterday’s session despite a supply shortfall caused by Norwegian maintenance and a drop in LNG send-outs. However, the amount of scheduled LNG deliveries expected to arrive in the UK was increased, resulting in bearish movement at the front of the curve.
Gas prices increased yesterday, although trading on European markets was subdued due to the Whit Monday holiday. Weak wind levels, a drop in LNG send-outs and a reduction in Norwegian output resulted in an undersupplied system which supported the near-curve. Meanwhile, the far-curve was pushed higher by stronger fuel markets.