Yukos cuts oil exports to China
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MOSCOW The Russian oil giant Yukos has said that it would immediately reduce some of its rail exports of crude oil to China in what appears to be the first time that Yukos&#39;s ability to transport oil has been affected by its tax dispute with the Russian
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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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Reports of a new tax claim dealt a blow to Yukos on Monday, as the embattled oil major announced it would cut this year&#39;s oil output forecast and defer certain tax payments because of a lack of cash.
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SINGAPORE (Dow Jones)--The suspension by troubled Russian oil giant Yukos (YUKO.RS) of some crude exports to China has largely failed to move Asia&#39;s oil market as doubts surface over the company&#39;s grounds for its decision, industry sources said Monday.
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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 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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China yesterday called on Russia to ensure oil giant Yukos meets commitments to Chinese customers. Yukos said on Friday it was suspending oil exports by rail to state-owned
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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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MOSCOW - The top management of oil major Yukos has left Russia fearing arrest under a Kremlin drive to &quot;decapitate&quot; the country&#39;s largest oil exporting company, a Yukos source said on Thursday.
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Russia'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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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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International credit rating agency Standard and Poor&#39;s says it has cut its rating on Yukos to default after the struggling Russian oil group missed an interest payment.
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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's top oil exporter, YUKOS , slid  closer to collapse after it lost its main production unit to a  mystery buyer in a forced auction and its crude shipments  started to slow.
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Oil prices hit $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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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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Chinese officials urged Russiaâs biggest oil exporter Yukos Oil Company to stand by its earlier commitments to export crude oil to China.