Energy Update

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BEIJING, Aug 16 (Reuters) - China's power consumption
reached 552.3 billion kilowatt hours (kwh) in July, up 8.17
percent from the same period a year earlier, the country's
economic planner said on Tuesday.

SINGAPORE, Aug 16 (Reuters) - Oil prices edged away from
5-week highs on Tuesday, with traders cashing in on a 16-percent
rally since early August that has largely been fuelled by talk
of producers taking action to prop up the market.

Aug 15 (Reuters) - Industrial gas supplier Praxair Inc
is in early talks to merge with Germany's Linde AG
, according to a person familiar with the matter.

SYDNEY, Aug 16 (Reuters) - Australian shares are set for a
firm start on Tuesday, tracking a buoyant session on Wall
Street, with investors focused on more earnings results from
local companies, including giant miner BHP Billiton.
Local share price index futures rose 0.1 percent to
5,494.0, but that was a 37-point discount to the underlying
S&P/ASX 200 index close on Monday. The benchmark inched

Fugro has been awarded a contract by Total E&P Uruguay B.V. to support its drilling campaign offshore Uruguay.

Aug 15 (Reuters) - Industrial gas supplier Praxair Inc
is in talks to merge with Germany's Linde AG,
the Wall Street Journal reported on Monday, citing people
familiar with the matter.

* Market open interest in WTI climbs to highest since Sept
2013

* Berkshire lowers Deere, Suncor stakes, ups Liberty Global

(Adds comments on Apple and other investments, details on other
investors cutting Apple stakes, byline)

BOSTON, Aug 15 (Reuters) - Tesla Motors Inc gained
backing from Fidelity Investments and from hedge funds during
the second quarter, recent securities filings show, a period
when the electric car company made a buyout offer for SolarCity
Corp.

BOSTON, Aug 15 (Reuters) - Carl Icahn, the octogenarian
investor whose stock investments still create a buzz on Wall
Street nearly 50 years after he first got into the business,
made a new bet on Allergan and slashed his holding in
Hertz Global Holdings, a new filing shows.

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