Amid strained relations between India and China, Indian state-held oil firms have stopped chartering China-owned or flagged tankers for import or export of oil and oil products, Bloomberg reported on Thursday, citing people with knowledge of the situation. Vessels owned or registered by China are prohibited from taking part in tenders for oil tankers that import crude oil into India or export refined petroleum products out of India, Bloomberg’s sources said. In addition, India’s state-controlled oil majors also plan to ask its oil suppliers and oil traders not to deliver oil to them by chartering Chinese tankers, according to Bloomberg’s sources. The recent hostility that erupted between two of the world’s biggest oil importers – and the two largest in Asia, China and India – has strained business and trade relations between the two countries. The relationship between India and China has always been shaky, but a recent flare-up […]