STAGNATING crude-production growth in the first half of 2005 has raised fears that the effect of the break-up of Yukos and the imposition of a tougher fiscal regime on the oil industry is hampering efforts to keep a tight global market supplied.Russian analysts have scaled back output-increase forecasts for 2005 to 2.5%,compared with production growth of 9% reported in 2004.According to Russian energy ministry figures,May production was 9.33m barrels a day (b/d),down from a peak of 9.42m b/d in September.
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