Energy Update

SINGAPORE, Sept 6 (Reuters) - It's difficult to be anything
other than cynical about Saudi Arabia and Russia saying they
will work together in global oil markets through a
newly-announced joint taskforce.

LONDON, Sept 5 (Reuters) - U.S. gasoline stockpiles remain
at record highs for the time of year but excess inventory is
smaller than it appears once adjusted for the higher level of
domestic consumption and exports.

SHANGHAI, Sept 6 (Reuters) - The northern Chinese province
of Shanxi, the country's biggest coal producing region, has
awarded 947.78 million yuan ($142 million) to six major coal
enterprises this year for shutting down surplus capacity, one of
the firms said late on Monday.

Veresen Midstream has secured $650 million of new credit facilities which will be primarily used to fund Veresen Midstream's contracted capital projects under construction, including the Sunrise, Tower and Saturn processing facilities.