According to Christyan Malek, global head of energy strategy at JP Morgan, high oil prices have not prompted a significant increase in investment, raising the risk of a hugely underserved oil market this decade.

JP Morgan research shows $400 billion in underfunding for oil by 2030 and paints a bleak picture in which all energy investments – both fossil and non-fossil fuels – must grow faster than prevailing investments suggest.

The threat of a big investment…