India has become the world's biggest importer of Russian oil, surpassing China, Reuters has reported. Data on Indian shipments from trade and industry showed that the country imported 2.07 million barrels per day (bpd) of Russian crude in July, good for a 4.2% M/M and 12% Y/Y increase. According to Chinese customs data, India's July crude oil imports exceeded China's 1.76 million bpd via pipelines and shipments. Indian refiners have been buying Russian crude at a discount to Brent ever since Western nations curtailed imports of Russian energy commodities…
