November natural gas futures forged ahead to new autumn highs on Tuesday, climbing for a sixth straight session amid choppy domestic production and fresh global supply worries ignited by the eruption of war in the Middle East.

NGI Prices

At A Glance:

  • Production at 96.5 Bcf/d
  • Uneven weather outlook
  • Storage situation improves

Following a 3.8-cent gain the prior session – and a 14% advance last week – the November Nymex gas futures contract eked out a gain of six-tenths of a cent and settled at $3.382/MMBtu. December rose 2.8 cents to $3.659.

NGI’s Spot Gas National Avg. ticked up 2.5 cents to $2.515 on Tuesday, building on gains the prior day and last week.

Wood Mackenzie analyst Laura Munder estimated production Tuesday was down 1.7 Bcf/d day/day and held around the 100 Bcf/d...