Global oil prices are fluctuating wildly, driven by the war in the Middle East and disruption in the Strait of Hormuz. Despite a ceasefire deal being announced, uncertainty remains.

In this episode – recorded on 1 April 2026 – we take a step back and unpack what moves oil prices and how the global oil market works. Chris Kenny, our Head of Energy Trading, and Michael Hsueh, Senior Research Analyst at Deutsche Bank, join host Michael Steen to discuss all this and more.

01:42 – How the global oil market works and oil prices are set

04:46 – The ongoing disruption in the Strait of Hormuz, its impact on prices and the wider economy, and how it compares to previous oil crises

10:26 – Our role as an investment bank in the oil market and the support clients are looking for in this highly volatile environment

14:33 – How the oil market has changed over the years and our guests’ thoughts on the impact that today’s crisis might have

29:08 – What our guests are dedicated to in their daily lives

Deutsche Bank website http://www.db.com

Deutsche Bank Research Institute Deutsche Bank Research Institute

Precious metals have long been seen as a store of value – gold once backed currencies and central banks still store bullion in their vaults. In times of uncertainty, these metals often move to the centre of financial markets. Right now, they’re doing exactly that – although not exactly the way you might think.

In this episode, Michael Hsueh, Senior Research Analyst, and Rob Abel, from our Metals Sales and Structuring team, join host Michael Steen to talk all about the market for precious metals. How does it work? What’s driving the gold and silver price right now? And is this rally just another cycle - or part of something much bigger?

01:45 – What the four precious metals are and how the global market works.

05:47 – What has happened to the price of gold and silver in recent months, what has been driving those developments and what has it meant for the idea of gold as a safe haven.

13:59 – The day-to-day workings of the precious metals market – who is buying gold and silver across the world, what clients can do in the face of price volatility, and how metals trading has changed over the years.

21:40 – What might come next

25:37 – What our guests are dedicated to in their daily lives

Deutsche Bank website http://www.db.com

Artificial intelligence is reshaping the world of risk management - transforming how banks assess information, detect threats and serve clients. But if you're trying to manage your bank's risk, it has some clear downsides as well as upsides.

In this episode of This is Deutsche Bank, Marcus Chromik, Chief Risk Officer and Management Board member, speaks to host Michael Steen about why he thinks AI is set to change the risk function more profoundly than past crises and where the human fits into all of it.

01:17 – What being a Chief Risk Officer entails and how AI is transforming the risk function

06:08 – How we are using AI at Deutsche Bank, such as in credit analysis, and what this shift means for recruitment and the skillsets needed to work in banking

13:49 – How to handle the risks that we see from AI in banking and the importance of keeping the human in the loop

18:54 – Fostering the right risk culture in the AI era and what the divergences in the regulatory approaches across the globe mean for AI use in a global bank.

22:12 – What Marcus is dedicated to in his daily life

Deutsche Bank website http://www.db.com