By 2030, oil demand growth will zero out as consumption is expected to hit a permanent peak, before falling at a relatively rapid rate thereafter. The main driver of the destruction in demand is the proliferation of electric vehicles.
So far, there is no clear data or evidence that that the lithium demand narrative is about to slowdown, let alone reverse. On the contrary, certain emerging trends in the industry suggest just the opposite.
The ballooning number of uncompleted wells has repeatedly fueled speculation that a sudden rush of new supply might come if companies shift those wells into production. The latest crash in oil prices once again raises this prospect.
A man of impeccable character, known for his straightforwardness and hard work, Ikram Sehgal is expected to change the working culture at the Karachi Electric to increase efficiency and productivity.
Around 80% of the world's maritime oil trade passes through the Indian Ocean. And the economic and political might of the region is growing.
South Asia runs the grave risk of becoming caught in the US-China turf war and being forced into non-inclusive and unbalanced trade relations.
Proposed changes could make an already unbalanced multilateral trading system even worse for developing countries.
Is it too much to expect that, after the national elections are settled next May, the Indian government will begin to act East and secure its strategic development interests in the region?
Oil traders are still awaiting more definitive clues about the supply/demand balance, but volatility is likely to stick around for a while. In the short run, oil prices will likely follow global stock markets up or down on any given day until the fundamentals reveal a more discernable pattern.
Maintaining political commitment and public interest can help develop and sustain the continent’s maritime resources.