Oil producers in the South Caucuses and Central Asia are adapting to a volatile global market, moving away from long-term contracts towards flexible trading dynamics. The second Caspian and Central Asia Oil Trading and Logistics Forum in Baku highlighted the growing influence of Asian refining hubs on crude demand and pricing. Infrastructure investments, particularly under China's Belt and Road Initiative, are evolving, while oil logistics remain constrained by geography. The focus is shifting towards crude quality as a competitive edge, with producers rethinking strategies in response to market volatility.