Oil near $46 as YUKOS cuts China supply
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US oil prices have raced towards $46 a barrel after Russia&#39;s YUKOS suspended some oil exports to China and as traders remain concerned about 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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Russian oil giant Yukos has decided to halt two-thirds of its oil exports to China, raising the stakes in its yearlong legal battle with the authorities.
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Russia's embattled Yukos oil giant said it was slashing its oil shipments to China, suspending deliveries to the China National Petroleum Company, because of difficulty in paying for transport costs.
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China is interested in participating in the bidding for Yuganskneftegaz, the top oil-producing subsidiary of the Russian oil giant Yukos, a Chinese economic official was quoted as saying in a report Thursday by the Russian news agency Interfax. The ...
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WASHINGTON -- Oil prices fell sharply yesterday after briefly surpassing $54 US a barrel despite nagging concerns that the global supply buffer is too thin to handle a significant disruption of output.
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LONDON : Crude oil prices slipped below 46 dollars a barrel on increasing hopes of adequate heating fuel supply during the northern hemisphere winter.
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LONDON  - Oil prices climbed to the highest level for almost one month after Russia&#39;s embattled oil giant Yukos slashed deliveries to China and as traders fretted over the impact of hurricanes on supplies.
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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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Embattled Russian oil giant Yukos cut its 2004 oil production target from 90 million tonnes to 86 million tonnes, saying its inability to access its frozen accounts had forced the firm to reduce operating costs.
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The troubled Russian oil company Yukos has suspended its oil deliveries to China&#39;s National Petroleum Company, saying it cannot afford the shipping costs.
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Oil prices rose Monday morning, climbing toward $46 per barrel, after reports that embattled Russian oil giant Yukos suspended some oil exports to China and as traders expect further declines in the US petroleum supply due to production, refining and
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Russia's top oil exporter YUKOS cut its  crude output forecast for 2004 on Monday due to a tax dispute  with the state, in a move analysts said was a sign that  Russia's prolific oil growth was set to slow down.
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Crude oil for delivery next month settled at $46.05 a barrel, down 53 cents, on the New York Mercantile Exchange after briefly trading at a new high of $46.91 early in the day.
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Oil giant Yukos is halting two-thirds of its exports to China because of its financial troubles, a move which could raise oil prices.
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Opec's president says oil supply is adequate as Brent crude hits a record $46 a barrel and US light crude hovers 4 cents below its all-time record.
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Oil futures dipped below $46 a barrel yesterday as traders assessed what appeared to be a short-lived cold snap in the United States, where cold weather and tight heating oil supplies helped drive prices higher last week.