China’s imports of discounted Russian crude oil surged in January and February, though analysts suggest volumes could moderate in the coming months as the war in Iran increases global competition for Russian oil. In the first two months of the year, Russia’s shipments of crude to China rose 40.9 per cent year on year to 21.8 million tonnes, according to Chinese customs data released on Friday. But the total import value rose just 5.8 per cent in US dollar terms. “China has been an opportunistic...