Though reporting both a net loss for the second quarter and declining output, U.S. shale player Continental Resources raised its forecast for production. Continental said in emailed results for the second quarter that it took a net loss of $119 million, nearly double the loss reported one year ago. The company is one of the largest stakeholders in the Bakken shale oil reserve in North Dakota , where production was down 11 percent from the previous quarter. Total production for the company was lower than the first quarter by about 5 percent to around 219,000 barrels of oil equivalent per day. First quarter production, however, was in line with what the company expected and a 3 percent […]