Tuesday 22 Septmeber 2020
All NBP prompt products closed above 31.00p for the first time in nine months yesterday as the market reacted to forecasts for
cooler temperatures for the remainder of the week. The UK gas system is already expected to compensate for lower wind generation from today and this while imports from Norway are curtailed due to maintenance works. There was little movement on the NBP curve save for the front month which was buoyed by the gains seen on the prompt. After Mondays sell-off, crude oil prices ticked up marginally yesterday with Brent settling 28 cents higher at $41.72 a barrel.