Charles Kennedy
Charles Kennedy is a journalist who covers the energy industry with a focus on global news related to oil, gas, and renewable energy. He has reported on various topics such as acquisitions, demand trends, and legal disputes involving major energy companies. Charles also provides insights into the strategic moves of countries in the international energy market and keeps readers informed about key developments in the industry.
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
SM Energy on the Brink of $3 Billion Acquisition of XCL Resources in Uinta Basin
Broke On: Thursday, 27 June 2024SM Energy, a Denver-based oil and gas company, is in advanced talks to acquire XCL Resources, a top Utah producer with an estimated $3 billion valuation and daily output of 55,000 barrels of oil equivalent. The deal would boost SM Energy's net production from 152,000 to approximately 195,000 boed per day. EnCap Investments-backed XCL Resources operates in the fast-growing Uinta Basin and is expected to close in September 2024. J.P Morgan, Bank of America, and Wells Fargo have committed $1.2 billion for financing. US Energy Market: Gasoline and Diesel Demand Reach Seasonal Lows, Impacting Refining Margins and Crude Oil Prices
Broke On: Wednesday, 08 May 2024U.S. gasoline and diesel demand reach lowest seasonal levels since the COVID-19 pandemic, impacting refining margins and crude oil prices, raising concerns over a slowing economy or increased adoption of renewable energy sources.