MEA banks under oil price pressure

Oil tankers are seen anchored in the Pacific Ocean in this aerial photograph taken above Long Beach, California, U.S., on Friday, May 1, 2020. The volume of oil on vessels located just offshore the state peaked at 26 million barrels over the weekend, about a quarter of the world's daily consumption, before dropping to 22 million barrels on Monday, according to Paris-based Kpler SAS, which tracks tanker traffic. Photographer: Patrick T. Fallon/Bloomberg
Oil tankers are seen anchored in the Pacific Ocean in this aerial photograph taken above Long Beach, California, U.S., on Friday, May 1, 2020. The volume of oil on vessels located just offshore the state peaked at 26 million barrels over the weekend, about a quarter of the world's daily consumption, before dropping to 22 million barrels on Monday, according to Paris-based Kpler SAS, which tracks tanker traffic. Photographer: Patrick T. Fallon/Bloomberg