Yukos Oil prevented from using bank accounts
05 August 2004, 02:23 PM
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Yukos Oil prevented from using bank accounts
Just announced by the Russian government, because of unpaid taxes. Therefore a lot less oil coming out of Russia as of now.
If you thought petrol was expensive *now*, you'll be dreaming of a litre of Optimax under 90 pence in a month or two's time...
If you thought petrol was expensive *now*, you'll be dreaming of a litre of Optimax under 90 pence in a month or two's time...
05 August 2004, 02:27 PM
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Err...TelBoy, unless this has just this minute been released, this was news earlier this week....and has now been resolved....
http://news.bbc.co.uk/1/hi/business/3537862.stm
Oil futures are $1 down on yesterday and at this second, are not shooting up again....showing as $43.25 for West Texas sweet on my screen right now - and was at $44.28 yesterday.
So, not an issue for now.
http://news.bbc.co.uk/1/hi/business/3537862.stm
Oil futures are $1 down on yesterday and at this second, are not shooting up again....showing as $43.25 for West Texas sweet on my screen right now - and was at $44.28 yesterday.
So, not an issue for now.
05 August 2004, 02:34 PM
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Originally Posted by TelBoy
Imlach, it's *just* been announced. The Russian government are seizing ALL money that enters Yukos accounts.
Usually see a sharp jump if any significant news is announced....
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05 August 2004, 02:38 PM
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As with all things out of Russia, nobody is quite sure what's going on. Yukos CEO Steven Theede now on the tapes denying the company has been told they cannot use their bank accounts. 
Personally though, i see the price of petrol only going one way short-term.
Personally though, i see the price of petrol only going one way short-term.
05 August 2004, 02:54 PM
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Hmm....bit of a mess....the point is though, the crude is still being pumped from Russia as before....whether Yukos or the russian goverment gets the cash for it is irrelevent to supply issues surely....
Gotta love the futures traders hyping it up again
Gotta love the futures traders hyping it up again
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