Few options to immediately increase Azerbaijan’s oil output Transit of non-Azeri crude via BTC pipeline growing Crude production is far below its OPEC+ quota Azerbaijan is benefiting from the EU’s pivot away from Russian energy, boosting oil transit shipments and enjoying higher prices for its own crude, according to market sources and data from S&P Global Commodity Insights. Receive daily email alerts, subscriber notes & personalize your experience. Register Now But the country’s own production has stagnated well below its OPEC+ quota and has little prospects for growth, limiting its gains. Interest in alternative suppliers is growing after the EU agreed May 30 to ban Russian oil imports by sea, and some traditional buyers have turned away from Russian oil due to sanctions risks. Azerbaijan pumped 580,000 b/d in April, compared to its quota of 682,000 b/d, according to the latest Platts OPEC+ production survey from S&P Global […]