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.

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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
08/31/12 from from 08/31/12 from from
pvs wk yr-ago pvs wk yr-ago
Crude 35

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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.

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