Oil prices are being weighed down by concerns we have reached the limits of demand which is crippling valuations more than other factors such as the threat from electric cars and national policies geared at banning vehicles running on petrol and diesel in the future, says RBC’s chief commodities strategist.
“We went from a situation pre-U.S. shale boom where we were talking about peak production, now we’re talking about peak demand,” Helima Croft told CNBC on Tuesday.
