- Int. Energy Agency’s intervention to decrease prices by tapping emergency oil reserves will fail to change fundamentals in oil market, experts believe
- HSBC, Barclays and BNP Paribas have provided over $400B to 50 oil companies including ExxonMobil, Saudi Aramco, Shell, BP since 2016, ShareAction says
-Knock-on effect continues after soaring prices, induced by low supply, hit energy markets just as industries start recovering from effects of last year's demand shortfall