• 
    
  • <abbr id="y6s0c"></abbr>
  • <ul id="y6s0c"></ul>
    The Annual Shale Gas Technology & Equipment Event
    logo

    The 16thBeijing International Shale Gas Technology and Equipment Exhibition

    ufi

    BEIJING,CHINA

    March 26-28,2026

    LOCATION :Home> News > Industry News

    Continental Resources declares force majeure on some oil deliveries

    Pubdate:2020-04-26 14:07 Source:liyanping Click:

    WASHINGTON (Bloomberg) --Shale explorer Continental Resources Inc. told at least one refiner it couldn’t make an oil delivery after the global pandemic sent prices plunging, a move refiners called the “height of hypocrisy” following billionaire founder Harold Hamm’s calls to limit foreign imports.

    Oklahoma City-based Continental on Tuesday declared force majeure on at least one of its contracts to deliver oil to a fuel producer, according to a document seen by Bloomberg, a day after crude futures settled at negative $38 a barrel for the first time in history. In the document, Continental said it couldn’t have foreseen the dramatic rout caused by the coronavirus outbreak, and that selling oil at negative prices constitutes waste.

    A Continental spokeswoman said the company continues to honor its commitments and is working closely with its purchasers. “Certainly this pandemic has brought about conditions under which force majeure applies,” the company said in an emailed statement. Force majeure clauses are typically invoked after hurricanes and other so-called “acts of God” that prevent companies from fulfilling contracts.

    Hamm has been an active voice in Washington since crude prices suffered the most dramatic collapse in decades. He’s said Saudi Arabia and Russia are guilty of “illegal” dumping and has called on the U.S. to impose tariffs on their crude.

    Refiners whose facilities are designed to run on heavier, foreign grades of crude have lobbied against any move to block Saudi imports.

    “It is the height of hypocrisy for a company to choose not to honor its contracts to supply domestic crude to refineries while also demanding the administration impose restrictions on foreign crude,” the American Fuel and Petrochemical Manufacturers, a trade group representing refiners, said in an email.

    Most recently, Continental filed a complaint with the Chicago Mercantile Exchange over Monday’s price collapse and is seeking an investigation from the Commodity Futures Trading Commission.

    The rapid plunge -- with the May contract for West Texas Intermediate falling some $40 in the last 22 minutes of trading -- “strongly raises the suspicion of market manipulation or a flawed new computer model,” the company said Tuesday. CME Group Inc. called Continental’s allegations “factually inaccurate.”

    日韩乱码中文字幕视频| 精品久久中文字幕有码| 99久久国产精品免费一区二区| 日韩一级精品视频在线观看| 国产成人久久精品77777综合| 精品国产品国语在线不卡| 久久棈精品久久久久久噜噜| 久久精品国产99国产精偷| 国内精品久久久久久久coent| 亚洲av无码成人精品区| 日韩一区二区视频| 国产成人亚洲精品播放器下载 | 久久亚洲精品无码| 亚洲国产另类久久久精品小说 | 老司机免费午夜精品视频| 日韩精品无码中文字幕一区二区| 国产精品亚洲片在线花蝴蝶 | 97久久精品国产精品青草| 久久精品国产亚洲Aⅴ蜜臀色欲| 国产69精品久久久久99尤物| 日本一区二区三区精品国产| 日韩a视频在线观看| 日韩午夜在线视频不卡片| 日韩免费毛片视频| 日韩AV高清在线看片| 精品国偷自产在线不卡短视频| 日韩人妻系列无码专区| 日韩a无吗一区二区三区| 狠狠热精品免费观看| 一本一本久久a久久精品综合 | 国产三级精品三级在线观看| 国产精品玖玖美女张开腿让男人桶爽免费看 | 国产精品天天在线| 国产精品爽爽V在线观看无码| 日韩精品中文字幕在线观看| 国产精品福利影院| 日韩人妻无码精品无码中文字幕| 日韩精品无码免费专区午夜不卡 | 亚洲av日韩av天堂影片精品| 久久伊人精品热在75| 亚洲精品韩国美女在线|