The Annual petroleum and Petrochemical Safety Production Event
logo

Beijing International Petroleum and Petrochemical Safety Production Exhibition

ufi

BEIJING,CHINA

March 26-28,2026

LOCATION :Home> Industry News

Continental Resources declares force majeure on some oil deliveries

Pubdate:2020-04-26 14:10 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: 亚洲av日韩av天堂影片精品| 国产99久久亚洲综合精品| 久久综合精品国产二区无码| 车车好快的车车流水网站入口| 无翼乌全彩之可知子| 动漫美女羞羞漫画| 99久久免费国产精精品| 欧美两性人xxxx高清免费| 国产免费一区二区三区免费视频| 中国体育生gary飞机| 狠狠色先锋资源网| 国产精品久久影院| 久久久久无码国产精品一区| 精品哟哟哟国产在线不卡| 国内精品第一页| 久久久久成人精品免费播放动漫| 狠狠色欧美亚洲综合色黑a| 日韩欧美国产精品| 国产在线观看一区精品| 久久久久亚洲AV无码专区首JN| 色综合色天天久久婷婷基地| 成人超污免费网站在线看| 内射中出日韩无国产剧情| av无码一区二区三区| 欧美日韩精品一区二区三区四区| 国产精品亚洲αv天堂无码| 么公的又大又深又硬又爽视频| 婷婷六月天在线| 无码办公室丝袜OL中文字幕| 亚洲美国产亚洲av| 黄色网址中文字幕| 岛国大片在线播放| 亚洲免费在线观看| 美女被吸乳老师羞羞漫画| 国产香蕉一区二区精品视频| 久久人人妻人人做人人爽| 玉蒲团2之玉女心经| 国产在线观看91精品不卡| m.jizz4.com| 日本高清视频在线www色下载| 伊人久久大香线蕉av五月天|