Fatigue over Russia rumours sees Yukos trade halt
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Yukos trading came to a near standstill as investors tired of endless rumours over the fate of Russia's largest oil producer and a Moscow court stuck another dagger in the heart of the wounded giant.
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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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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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Russia is vowing to proceed with an auction of oil giant Yukos' key production subsidiary, saying a U.S. court ban is irrelevant. But the expected winner of Sunday's auction, the state-run Russian gas company Gazprom, may not be able to pay after a consortium of Western banks reportedly put on hold billions of dollars in credit it needs to fund its bid.
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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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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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LONDON, September 20  - Russian oil giant, OAO Yukos Oil Company (YUSA.FSE), has partly suspended its rail shipments to China, leading to increased supply disruption risks in the global oil market.
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MOSCOW - Russia is vowing to proceed with an auction of oil giant Yukos&#39; key production subsidiary, saying a US court ban is irrelevant.
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Russia pledged on Friday to ignore a US court ban on the looming auction of oil giant Yukos&#39; key production unit, while a consortium of Western banks reportedly put on hold billions of dollars in credit for the state-run Russian gas company that was
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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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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&#39;s No.
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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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Russian oil company Yukos, with shares near all-time lows and its bosses in exile, warned last night it is being driven toward bankruptcy.
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MOSCOW : The Russian government&#39;s assault on oil giant Yukos is a source of concern that could impact foreign investment in the country, a senior International Monetary Fund official warned.
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BOSTON (CBS.MW) -- Russian oil company Yukos has halted some oil shipment to the Chinese National Petroleum Corp. because it can&#39;t afford the transportation costs, according to a published report.
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The giant Russian oil firm Yukos has failed to convince a Moscow arbitration court to suspend the sale by bailiffs of its Siberian subsidiary to satisfy a $3.4 billion tax debt.
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A Russian court on Tuesday was to consider the beleaguered Yukos oil company's appeal to suspend government efforts to collect &#36;3.4 billion in back taxes &#151; a massive bill that has put Russia's largest oil producer on the verge of ruin.