Yukos Said to Halt Some Exports to China
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MOSCOW - Russia&#39;s Yukos oil company is suspending oil exports to the Chinese National Petroleum Corp. because it cannot afford to pay transport expenses, a news agency reported Sunday.
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Russia&#39;s oil giant Yukos requested to block the auctioning off of its main production unit Yuganskneftegaz in Moscow on Sunday.
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MOSCOW: Russian oil major YUKOS is poised to lose its core Siberian units, but the state will postpone its final move to dismantle the giant firm beyond next weekâs tax deadline, analysts predicted on Friday.
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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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Oil prices broke above $46 on Monday  after Russian oil giant YUKOS said it would cut some oil  shipments to China, the first toll on exports from the  company's financial turmoil.
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Russia promised to sort out Yukos oil deliveries to China ahead of a visit by Chinese Premier Wen Jiabao dominated by the struggling oil major's decision to cut supplies to the energy-hungry Asian giant.
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Russia said on Friday it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order seeking to block Sunday&#39;s auction for 10 days.
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Russian oil major YUKOS again warned on  Thursday that it may be forced to cut output after saying that  a Moscow court ruled this week that $2.6 billion of company  funds could be seized by the authorities.
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Russian oil major YUKOS on Monday cut  its oil output forecast for this year by 4.5 percent and said  it would slash capital expenditure by more than a third due to  its tax dispute with the state.
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Prices were pushed higher by news on Sunday that Yukos had suspended delivery of 400,000 metric tons a month, or nearly 98,000 barrels a day, of rail-borne crude oil exports to China National Petroleum Co.
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China's biggest oil and gas producer could be offered a 20 percent stake in a Russian state company that will control Yukos' former key subsidiary, a Russian minister said Thursday, in an apparent attempt by authorities to avoid legal fallout from the disputed auction of the Yukos unit.
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BEIJING  - Energy-hungry China called on Russia to see that oil giant Yukos meets commitments to supply Chinese customers after the Russian company suspended some exports.
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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will lower crude-oil deliveries to China National Petroleum Corp. this month and supply no oil in October because the Russian company
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Oil prices hit &#36;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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Russian oil major YUKOS said on  Wednesday it had filed for bankruptcy protection in a U.S.  court and would seek an order from the court to halt the Dec.  19 sale by the Russian state of its main oil unit.
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Russia&#39;s Yukos oil company is suspending oil exports to the Chinese National Petroleum Corp. because it cannot afford to pay transport expenses, a news agency reported Sunday.
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Russian oil major YUKOS again warned on Thursday that it may be forced to cut output after saying that a Moscow court ruled this week that &#36;2.6 billion of company funds could be seized by the authorities.