China supply cutback raises stakes in Yukos standoff
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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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Top Russian oil exporter YUKOS  threatened to escalate its legal battle abroad Tuesday as the  mystery surrounding the buyer of its core asset began to lift  with newspapers linking it to Russia's No. 4 oil firm,  Surgutneftegaz.
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Yukos' future is thrown into fresh doubt amid reports that Russia plans to sell 77% of its key oil production unit.
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China emerged on Thursday as a dark horse contender for the assets of stricken Russian oil major YUKOS as the company&#39;s state-driven break-up took yet another abrupt twist.
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China emerged on Thursday as a dark  horse contender for the assets of stricken Russian oil major  YUKOS as the company's state-driven break-up took yet another  abrupt twist.
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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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driven by the continuing power struggle in Iraq, by fears for the solvency of the Russian oil giant Yukos, and by surging demand for oil in Asia, notably in China.
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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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Russian President Vladimir Putin has hinted at Chinese involvement in the exploitation of the confiscated assets of the Yukos chief oil producing unit, marking a shift in Moscow&#39;s traditional closed-door policy to its Asian neighbor.
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ASHGABAT: The Central Asian republic of Turkmenistan said yesterday it had carried out a threat to cut gas supplies to Russia and Ukraine but was ready to turn the pumps back on in return for higher prices.
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Russia'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 embattled Yukos oil giant said it had partly suspended its deliveries to China because its legal troubles have left it without cash to pay transport and customs costs.
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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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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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MOSCOW  - Russia&#39;s embattled Yukos oil giant said it had partly suspended its deliveries to China because its legal troubles have left it without cash to pay transport and customs costs.
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BEIJING: Chinese Premier Wen Jiabao left here for Kyrgyzstan and Russia a day after embattled Russian oil giant Yukos said it was slashing supplies to China in a move analysts said was designed to cause maximum embarrassment in Moscow.
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Oil&#39;s rally wavered on Thursday, but worries over the security of Nigerian supply supported prices despite an easier US crude inventory picture and news that Russia&#39;s YUKOS would resume full supply to China.