Energy Update

China’s renewable energy and nuclear energy industries are benefiting at the expense of coal as the nation shifts away from heavy industry, a finding underscored by data showing power consumption edged only slightly higher last year amid broad structural changes.

HONG KONG/BEIJING, Jan 21 (Reuters) - China's plans to set up funds to manage coal and steel capacity closures and stockpiling schemes offer nervous markets some clarity on the likely future make-up of the country's sprawling and predominantly state-run metals and mining industries.

TRIPOLI, Jan 21 (Reuters) - An attack by suspected Islamic State militants on Thursday has caused fires at four storage tanks at Libya's Ras Lanuf terminal, National Oil Corporation Chairman Mustafa Sanalla said.

SANDEFJORD/OSLO, Norway, Jan 21 (Reuters) - Norwegian oil firms Statoil and Det norske are looking at more acquisitions after recent deals, their chief executives told Reuters, hunting for bargains after a plunge in energy prices.