Shell slumps to an $18 billion loss as it takes huge asset write-downs amid low oil prices and slumping demand

· Oil major Shell reported a net loss of $18.1 billion in Q2 compared to $3.2 billion net income in Q2 2019.
· That was largely down to an almost $17 billion write down the company took on the value of its assets.
· Shell had warned last month that it could take impairments of up to $22 billion.
· Looking beyond the...