Yukos raises oil reserve estimate
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MOSCOW Yukos has substantially increased the reserve estimates for its biggest subsidiary, one currently being appraised for sale by the government.
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Beleaguered Russian energy giant Yukos has warned that it will not produce as much oil as expected this year. It blames bailiffs who are draining its bank accounts to pay its potentially ruinous tax bill.
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Exxon Mobil increased its expected   spending for its Sakhalin oil project in Russia above the   original 2002 estimate of $12.8 billion to reflect inflation   and foreign exchange pressures, a spokesman said on Monday.
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Crude oil futures rose in New York to trade near a one-month high on concern that Russian exports will be disrupted after utilities cut some power supplies to OAO Yukos Oil Co.
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MOSCOW: Russiaâs tax ministry said on Friday that it had raised its back tax claims against oil major Yukos by a fifth for â01, to 119.
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Russia's YUKOS raised &#36;357 million to put toward a &#36;3.4 billion tax claim on Tuesday by selling a stake in a gas venture to partner TNK-BP, as analysts said the company was technically ready for bankruptcy.
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ConocoPhillips said it probably will add the equivalent of 800 million barrels of oil to its proved reserves after its $1.99 billion investment in OAO Lukoil, Russia&#39;s biggest oil company, and a planned increase in the stake.
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WASHINGTON -- The price of oil charged to a new high above $47 a barrel yesterday amid nagging concerns about instability in Iraq, the uncertain fate of Russian petroleum giant Yukos, and the world's limited supply cushion.
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MOSCOW - Russian tax authorities slapped oil giant Yukos and its main production unit with two new tax claims for nearly $10 billion, raising the company&#39;s total bill to more than $17.
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Yukos'  future is thrown into fresh doubt amid reports that Russia is planning to sell 77% of its key oil production unit for $4bn by the end of November.
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Oil prices spiked today after the Russian oil giant Yukos said it cannot pay wages and that its output could suffer due to a court ruling that froze some of its assets.
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MOSCOW: Tax authorities in Russia have handed Yukos, Russia&#39;s largest oil producer, a $4.2-billion tax bill for 2001, higher than the $3.
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Two OPEC members are pledging to increase supply or boost reserves as oil prices spiral higher, according to media reports Sunday.
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Oil prices hit $46 on Monday after  Russia's YUKOS suspended some oil exports to China and concern  lingered over storm-related supply disruptions into the United  States.
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LONDON, November 1  - The Russian oil giant, Yukos Oil (YUSA.FSE), has been asked for additional back-tax payments of more than $10 billion, increasing the company&#39;s total tax liabilities to above $17.
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The Russian oil giant Yukos on Friday issued sharply higher revised estimates of reserves for its biggest subsidiary, one currently being appraised for sale by the government, and reiterated that Yukos was operating financially on a &quot;day-to-day&quot; basis and
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Oil prices climbed more than $2 higher on Friday on renewed concern over supplies of distillate fuels in all main consuming centers before the Northern Hemisphere winter.