Energy Industry News
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Oil rose on reports showing that U.S. consumer confidence gained and the United Nations’ atomic agency found evidence Iran boosted its output of enriched uranium that could be used for a nuclear weapon.
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Iran increased its output of enriched uranium that world powers are concerned may eventually be used for a nuclear weapon, according to International Atomic Energy Agency inspectors.
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Billionaire investor Carl Icahn bought a 7.56 percent stake in Chesapeake Energy Corp. and demanded new directors amid growing shareholder concern about management of the second-largest U.S. natural-gas producer.
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Chris Levett’s Clive Capital LLP gained as much as $230 million in May after betting oil, power and coal prices would fall as oil tumbled as much as 12 percent, two people with knowledge of the fund said.
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