Continental Resources Inc , the company controlled by billionaire Harold Hamm, stopped all drilling and shut in most of its wells in the state’s Bakken shale field, three people familiar with production in the state said on Thursday. Global oil prices have plunged because of excess supplies and tumbling demand due to the coronavirus crisis. U.S. crude prices plunged into negative territory this week – meaning suppliers had to pay people to take oil – due to lack of storage space, prompting moves by operators to halt output. …read more
Source:: Yahoo Finance
