Energy Update

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BEIJING, Jan 7 (Reuters) - State-owned China National Offshore Oil Corporation (CNOOC) has no plans to sell shares in listed subsidiaries in the the near term following domestic stock market fluctuations, the company said in a statement on its website on Thursday.

HANOI, Jan 7 (Reuters) - The Vietnam government could sell stakes in some large state-owned enterprises this year, including network provider Mobifone and brewer Sabeco, a finance ministry official said.

KAMBURU DAM, Kenya, Jan 7 (Thomson Reuters Foundation) - A lfred Nyaga irrigates his acre of khat, a mild stimulant, in Kaloki village by pumping water with a diesel-powered engine directly from Kamburu Dam in central Kenya.

** European miners down sharply, with yuan's deeper drop & heightened concerns about metals demand from China exacerbating the sell-off

LONDON, Jan 7 (Reuters) - UK mining and energy shares indexes slumped to their lowest level in more than 11 years on Thursday, with a sharp decline in prices of major industrial metals and crude oil on China-related concerns promoting investors to dump shares.

* Optimists say Shanghai stocks should have little global bearing

RIYADH, Jan 6 (Reuters) - Since Saturday's execution of four Shi'ite Muslims in Saudi Arabia, hundreds or thousands of the minority sect have marched nightly in protest, and their anger could herald wider unrest.

LONDON, Jan 6 (Reuters) - Growing signs of weakness in the U.S. economy are helping keep oil prices under pressure even as tensions escalate across North Africa and the Middle East.

SYDNEY, Jan 7 (Reuters) - Australian metals refiner Queensland Nickel on Thursday said it had made arrangements to pay employee wages next week amid concerns the private company could be struggling to survive.

(Thu, 07 Jan 2016) U.S. regular retail gasoline prices averaged $2.43 per gallon (gal) in 2015, 93 cents/gal (28%) less than in 2014 and the lowest annual average price since 2009. Lower crude oil prices in 2015 were the main cause for lower gasoline prices. In 6 of the 10 cities for which EIA collects weekly retail price data, gasoline prices did not exceed $3.00/gal.

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