Some American companies suspend oil production

American oil company Texland Petroleum LP announced the suspension of oil production at all wells after a sharp decline in demand, Report informs with reference to the Wall Street Journal.

According to the head of the company Jim Wilkes, Texland turned to Washington with the request for the loan to be able to pay 73 employees.

In addition, Continental Resources intends to reduce oil production by 30% in April and May.

According to the newspaper, Parsley Energy has stopped works on 150 wells. The company noted that it had lost profitability.

In March, the biggest oil companies, including Exxon Mobil and Royal Dutch Shell, said that they reduce the expenditures about $ 50 billion.