国产精品久久久一区_日韩一区二区久久久_99精品在线免费视频_人妻少妇精品无码专区二区

The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
logo

The 17thBeijing International Natural Gas Technology & Equipment Exhibition

ufi

BEIJING, China

March 17-19,2027

LOCATION :Home > News> Industry News

Continental Resources declares force majeure on some oil deliveries

Pubdate:2020-04-26 13:57 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.”

主站蜘蛛池模板: 日韩欧美在线播放视频| 日韩福利视频| 免费无遮挡无码永久视频| 午夜精品久久久久久久男人的天堂 | 91九色综合久久| 免费在线观看一区二区| 日韩三级在线播放| 欧美日韩精品免费在线观看视频| 中文字幕人成一区| 国产精品自拍小视频| 在线一区日本视频| 91精品免费看| 久久久国产精品x99av| 欧美亚洲激情在线| 日韩av成人在线观看| 亚洲中文字幕无码专区| 97久久精品国产| 久久精品小视频| 激情深爱综合网| 国产精品色悠悠| 国产日韩欧美综合| 久久riav二区三区| 激情小说综合网| 国产欧亚日韩视频| 国产精品欧美亚洲777777| 久久艹中文字幕| 日韩av一级大片| 欧美极品日韩| 久久国产精品亚洲va麻豆| 精品国产乱码久久久久| 韩国福利视频一区| 国产精品无av码在线观看| 国产精品美女免费| 国产精品美女呻吟| 在线视频不卡一区二区三区| 日韩中文字幕精品视频| 日韩网址在线观看| 久久亚洲精品网站| 国产精品午夜国产小视频| 91精品久久久久久久久久入口| 高清视频一区|