You are here

Europe

Something Strange Is Taking Place In The Middle Of The Atlantic Ocean

Early last month, we noted that something very strange was happening off the coast of Galveston, Texas. 

As FT reported, "the amount of oil [now] at sea is at least double the levels of earlier this year and is equivalent to more than a day of global oil supply.” In short: the global deflationary crude supply glut is beginning to manifest itself in a flotilla of stationary supertankers, as millions of barrels of oil are simply stuck in the ocean as VLCCs wait to unload.

Presenting Saxo Bank's 10 "Outrageous Predictions" For 2016

On Tuesday, we brought you Bloomberg’s top 10 “worst case scenarios” for 2016. The list, compiled by polling "dozens of former and current diplomats, geopolitical strategists, security consultants, and economists" included everything from devastating cyber attacks by Iranian and Russian hackers to a military coup in China. 

They even threw in a Trump victory in the national elections for good measure.

Pages