The International Energy Agency is warning that oil inventories are falling at a record pace and will continue to drop for months, as the energy shock from the Iran war intensifies. Toril Bosoni, head of the IEA’s oil markets and industry division, says even if the war ends, it will take weeks and months for oil flows in the Strait of Hormuz to return to normal.
The Nvidia CEO has joined Donald Trump on his trip to China as a late addition. Jensen Huang’s name had been noticeably absent from the list of attendees, but he boarded Air Force One during a planned layover in Anchorage. The US President says talks with President Xi Jinping will focus on trade, and not the war in Iran.
Plus SoftBank has reported a surprise jump in profit, boosted by valuation gains on its investment in OpenAI. While Hapag-Lloyd earnings were hit by supply-chain disruptions and higher freight rates.
Today’s guests: Toril Bosoni, International Energy Agency, Head of Oil Industry and Markets Division; Andreas Utermann, Vontobel, Chairman; Michael Haigh, SocGen CIB, Head of FIC & Commodities Research; Rolf Habben Jansen, Hapag-Lloyd, CEO; Marion Messmer, Chatham House, International Security Programme Director.
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse
00:00:25 – Nvidia’s Jensen Huang joins Trump’s China trip
00:05:33 – Toril Bosoni, International Energy Agency, Head of Oil Industry and Markets Division
00:09:52 – Andreas Utermann, Vontobel, Chairman
00:17:28 – Michael Haigh, SocGen CIB, Head of FIC & Commodities Research
00:23:36 – Wednesday headlines
00:24:36 – Starmer faces resignation calls as UK ministers quit
00:27:04 – Rolf Habben Jansen, Hapag-Lloyd, CEO
00:33:03 – Wednesday top stories
00:34:37 – Dimon: Europe should adopt the Draghi report
00:38:59 – Trump faces emboldened Xi in China
00:40:10 – Marion Messmer, Chatham House, International Security Programme Director
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