Lifted

Better than expected profits lifted ExxonMobil and Chevron to more than double their second-quarter earnings of a year ago, as they reaped the benefit of surging oil and natural gas prices.

Better than expected profits lifted ExxonMobil and Chevron tomore than double their second-quarter earnings of a year ago, asthey reaped the benefit of surging oil and natural gas prices.

Florida Gas Transmission lifted Tuesday an Overage Alert Daynotice that had been issued Monday for its market area (see DailyGPI, July 25), but said it will continue to monitor hourly anddaily takes and use appropriate operational controls to ensuresystem integrity.

Pacific Gas & Electric did not extend a systemwide Stage 1high-inventory OFO (see Daily GPI, July10) beyond Saturday.

The major rally that lifted the July contract 35.5 cents to$4.398 on Monday, gave way following some selling pressure earlyTuesday morning. After reaching a high of $4.505, July tumbled 26cents to a low of $4.245, and ended the day down 10.4 cents to$4.294. Volume was heavier than on Monday with 100,223 contractschanging hands.

Florida Gas Transmission lifted an Overage Alert Day notice (seeDaily GPI, May 25) for its market areaWednesday, but said it will continue to monitor hourly and dailytakes.

Florida Gas Transmission lifted an Overage Alert Day notice (seeDaily GPI, May 25) for its market areaWednesday, but said it will continue to monitor hourly and dailytakes.

Florida Gas Transmission lifted Sunday a market-area Overage AlertDay notice that had been issued last Tuesday (see Daily GPI, May 10), but cautioned shippers it wouldcontinue to monitor hourly and daily takes.

Tennessee lifted a pro rata seal through Secondary Services atthe Transco Rivervale meter Wednesday but replaced it with asimilar one at the Algonquin Mendon meter.