Yukos woes flare up again, offsetting Venezuela vote
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SAN FRANCISCO (CBS.MW) -- Crude futures headed higher Tuesday to close at a new historic level near $47 a barrel, following news that a Russian court has rejected a plea from oil giant Yukos to suspend government efforts to collect a $3.4 billion tax ...
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Crude oil rose for a fourth day in New York after OAO Yukos Oil Co. said it will halt shipments to China&#39;s biggest oil company because its bank accounts have been frozen in a tax dispute with the Russian government.
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YUKOS has reported a net loss of US$2.65 billion (£1.45bn) for the first half of 2004, a period of record oil prices, prompting speculation that the Russian oil firm is on the verge of declaring bankruptcy.
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MOSCOW -- Russian oil company Yukos suffered a fresh setback yesterday in its survival struggle against multibillion-dollar tax bills when one of its appeals was thrown out and another adjourned by a Moscow court.
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A U.S. bankruptcy court on Thursday  stepped into the ongoing battle between YUKOS YUKO.RTS and the  Russian government, issuing an order to block the impending  auction of the company's main oil-producing arm.
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Oil firm YUKOS will continue to fight  against the Russian government in the courts to regain its  property whatever the outcome of a U.S. bankruptcy hearing this  week, a YUKOS executive said on Tuesday.
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Russian tax authorities have slapped oil giant Yukos and its main production unit with two new tax claims, raising the company&#39;s total bill to more than $17.
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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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Shares fell Thursday, led by Yukos, which is facing $20 billion in outstanding tax claims.
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Venezuela on Tuesday suspended oil exports to Exxon Mobil Corp, escalating the country's fight with the U.S. oil giant over compensation for a heavy crude project nationalized by socialist President Hugo Chavez.
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Embattled Russian oil company warns that it may scale back oil output after more funds seized. MOSCOW  - Russian oil major Yukos again warned on Thursday that it may be forced to cut output after
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Russia's embattled Yukos oil giant raised the stakes in its bitter standoff with the Kremlin as the company slashed supplies to China in a move analysts said was designed to cause maximum embarrassment in Moscow.
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Russia's Yukos does not begin the week teetering on the edge of ruin where it has been for months now. The oil giant is flat on its back, gasping for its last breaths of air.
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Shareholders in Yukos are pondering liquidation or filing for bankruptcy, after deciding against a rescue plan for the embattled Russian oil firm.
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Oil major YUKOS will hold a shareholders meeting on Dec. 20 to decide whether to file for bankruptcy or liquidate the firm after it was hit with huge new
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Russian oil giant Yukos Wednesday filed for US bankruptcy protection in attempt to stop the forthcoming auction of its major asset Yuganskeneftegaz, accordingto the Interfax news agency.
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Shareholders in Yukos are considering liquidation or filing for bankruptcy, after deciding against a rescue plan for the embattled Russian oil firm.