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Oil Inventories Falling at Record Pace, Warns IEA | The Pulse 05/13/2026
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May 13, 2026
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48:38Now PlayingThe 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.
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