RBC commodity chief: India and China will dictate oil's future
Helima Croft, a managing director and the global head of commodity strategy at RBC Capital Markets, discusses the muted global oil market outlook. She says governments worldwide will have to get used to oil locked in a range near $50-55 a barrel as we shift from the period of peak oil to a new regime of peak demand. Croft recommends looking at emerging-market economies like India for oil demand growth, while also highlighting China as an expanding area.