<ul id="q6cau"><sup id="q6cau"></sup></ul>
<ul id="q6cau"></ul>
<abbr id="q6cau"></abbr>
<strike id="q6cau"><menu id="q6cau"></menu></strike>
  • <ul id="q6cau"></ul>
  • The Annual Explosion Proof Electric Technology & Equipment Event
    logo

    The 25thChina International Explosion Protection and Electric Technology & Equipment Exhibition

    ufi

    BEIJING,CHINA

    March 26-28,2025

    LOCATION :Home> News > Industry News

    Continental Resources declares force majeure on some oil deliveries

    Pubdate:2020-04-26 14:09 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.”

    国产精品乳摇在线播放| 一本色道久久88综合日韩精品| 亚洲韩国精品无码一区二区三区| 日韩午夜理论免费TV影院| 久久精品国内一区二区三区| 91精品一区二区三区在线观看| 国内精品无码一区二区三区| 亚洲成网777777国产精品| 精品久久久无码中文字幕边打电话 | 国产精品福利久久香蕉中文 | 91精品福利一区二区三区野战| 日韩人妻无码精品系列| 国产精品成人无码久久久久久| 女人国产香蕉久久精品| 国产人成精品午夜在线观看| 老司机91精品网站在线观看| 久久夜色撩人精品国产| 亚欧无码精品无码有性视频| 日韩精品无码熟人妻视频| 国产成人精品亚洲一区| 精品国产理论在线观看不卡| 亚洲av日韩精品久久久久久a| 亚洲日本久久久午夜精品| 亚洲国产精品成人精品软件| 亚洲av无码乱码国产精品| 精品久久久久中文字| 亚洲七七久久精品中文国产| 国产精品极品美女自在线| 久久久久久久久无码精品亚洲日韩| 亚洲精品一二三区| 69久久精品无码一区二区| 亚洲国产精品专区| 日韩精品亚洲人成在线观看| 国产精品高清一区二区三区| 久久久久夜夜夜精品国产| 亚洲精品字幕在线观看| 2022国产成人精品视频人| 国产午夜精品理论片| 国内精品久久久久国产盗摄 | 中文字幕日韩专区精品系列| 精品精品国产国产|