Energy Update

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LONDON, Feb 16 (Reuters) - Oil ministers from Saudi Arabia, Russia, Venezuela and Qatar announced on Tuesday an agreement to freeze their oil output levels provided other major producers follow suit.

* Naimi says output freeze at January levels is adequate step

* Aims to cut debt to $10 bln by year-end (Adds CEO comment, analyst, updates shares)

BEIJING/TOKYO, Feb 16 (Reuters) - China rapped Australian Foreign Minister Julie Bishop on Tuesday ahead of her visit to Beijing after she said Australia recognised the Philippines' right to seek arbitration in its dispute with Beijing over the South China Sea.

DOHA, Feb 16 (Reuters) - The oil ministers of Venezuela, Iraq and Iran will meet in Tehran on Wednesday to discuss an agreement to freeze producers' output at January levels, Venezuela's oil minister said on Tuesday.

DOHA, Feb 16 (Reuters) - Freezing oil producers' output will be adequate to improve the oil market, Saudi Arabian Oil Minister Ali al-Naimi said on Tuesday.

LONDON, Feb 16 (Reuters) - Brent crude oil futures pared gains on Tuesday after Qatar's energy minister said his country had agreed to freeze output at January's levels, together with Saudi Arabia, Russia and Venezuela.

JOHANNESBURG, Feb 16 (Reuters) - Anglo American plans to completely exit its coal business, Chief Executive Mark Cutifani said on Tuesday as part of strategic changes to cope with a global commodities rout.

JOHANNESBURG, Feb 16 (Reuters) - Global miner Anglo American on Tuesday said it planned to sell Kumba Iron Ore as it posted a decline in full-year profit amid a plunge in commodity prices.

BEIJING, Feb 16 (Reuters) - China produced 16,100 new energy vehicles in January, a 144 percent increase from a year earlier, the Ministry of Industry and Information Technology said on Tuesday.

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