YUKOS Cuts China Supplies, Oil Above $46
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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&#39;s financial turmoil.
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Oil prices jumped 2.6 percent on  Friday as a harsh U.S. cold snap kept heating oil demand  sizzling and fresh signs emerged of China's growing energy  consumption.
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Crude futures settled near $44 a barrel in light, pre-holiday trade Thursday as another pipeline attack in Iraq followed news that authorities in Moscow effectively re-nationalized the main production unit of Yukos.
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US crude oil futures climbed towards $46 a barrel Monday after Russia&#39;s Yukos suspended some oil exports to China and traders remained concerned about storm-related supply disruptions into the United States.
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MOSCOW  - China's biggest oil and gas producer could be offered a 20 per cent 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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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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Yukos, the Russian oil giant, is playing a weak hand well in its battle with the Kremlin by cutting its oil shipments to China ahead of a meeting between leaders of the countries this week, analysts said on Monday.
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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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Russia&#39;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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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, cut its oil production target and capital spending for this year, the first sign its struggles to meet a $3.
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OSCOW, Sept. 2- World oil prices rose on Thursday after Russia&#39;s largest oil producer, Yukos, said a court ruling &quot;paralyzes&#39;&#39; the company&#39;s operations.
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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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MOSCOW Yukos said Monday that it would reduce crude oil output by 4.5 percent for 2004, the first time it has given a concrete estimate of the damage its conflict with the Russian government is doing to oil production.
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Oil prices broke above $46 a barrel on  Tuesday as a cold spell loomed for the U.S. Northeast heating  oil market and a rash of supply problems afflicted big global  producers.
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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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Oil prices Monday scaled back following  last week's sharp gains but found support near $46 for U.S.  crude after Russian oil company YUKOS defaulted on some crude  exports.
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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.