After a brief hiatus following the signing of the Phase One Trade Agreement in January, tensions between Washington and Beijing have once again reached a fever pitch. The two countries have little room to defuse tensions after U.S. President Trump announced he would end Hong Kong’s special status , saying he would sanction Chinese officials responsible for smothering its freedom. While Beijing has refrained from immediate retaliation, observers believe that the tensions are likely to escalate further, given the countries’ competing interests in areas such as technology, trade, and ideology. Given this backdrop, U.S. oil majors are likely to give China a wide berth when they start hunting for oil deals as the global economy bounces back and instead head to its southern neighbor: India. With a population of more than 1.3 billion, India is the world’s third-biggest oil consumer and offers an attractive market for big oil companies […]