INTERVIEW: High oil prices haven’t moved the needle on investment, says JP Morgan’s Malek

High oil prices have failed to bring about a significant increase in investment, raising the risk of a hugely undersupplied oil market this decade, according to Christyan Malek, JP Morgan’s Global Head of Energy Strategy. JP Morgan’s research shows a $400 billion oil underspend to 2030 and paints a grim picture in which all energy investment — in both fossil…