pipelines
Glencore closes Aseng syndication
Glencore Exploration has closed syndication and signed a $390 million seven year reserves-based facility with a syndicate led by French banks.
UPDATE 1-US crude stocks fall sharply following Hurricane Isaac-EIA
* Gasoline demand at one-year high-EIA
* Refinery utilization falls sharply in Gulf Coast
* U.S. gasoline inventories drop below 200 million bbls
(Adds detail, analyst comment, price reaction, table)
—— API —— —— EIA —–
Stocks Change Change Stocks Change Change
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Crude 35
Shtokman shelved
The Gazprom-led Shtokman gasfield development project has been shelved after the sponsors – Gazprom 51%, Total 25% and Statoil 24% – failed to reach a final investment decision last month.