Russia-Ukraine war boosts Azeri crude transit, but production is limping along

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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. 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…