Shell posts $22bn loss

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The oil industry is having to rethink its future as the world turns from fossil fuels. Shell's big losses were the result of having to write down, or reduce, the future value of its oil fields, and Stephen Schork, founder of the Schork Energy Intelligence Group assesses the future prospects for big oil companies. Also in the programme, French football is in turmoil after an emergency auction for the TV rights to matches in the top two leagues ended in failure. Keiran Maguire is lecturer in football finance at Liverpool University and explains why companies are playing hardball with clubs in France over screening rights. Plus, what’s a song worth? Music streaming services have changed the game, and we hear about their impact on artists' income from Tom Gray of the 90s British band Gomez. And Merck Mercuriadis tells us about his music investment company Hipgnosis, which is spending billions of dollars buying the copyright to some of the biggest music hits of the past 50 years. (Picture: An oil well. Picture credit: Getty Images.)