Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

OPEC & EIA nugget: A day of reckoning ahead for Oil

Macro Nugget: Fluctuations and the Perception of Gravity

Macro Nugget: How do markets react to turmoil in Gaza/Israel?

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Cross Asset Strategy

<ul><li>Welcome to our short- and sweet data nugget based on the weekly EIA numbers on the implied energy demand in the US economy.</li><li>We use the EIA data but adjust it for seasonality and data issues to give a better picture of the underlying trends in the US economy.</li><li>The demand for transportation fuel spiked again in the first week of December and there are no signs of seasonal weakness in our congestion tracker.</li></ul>

Welcome to our short- and sweet data nugget based on the weekly EIA numbers on the implied energy demand in the US economy.We use the EIA data but adjust it for seasonality and data issues to give a better picture of the underlying trends in the US economy.The demand for transportation fuel spiked again in the first week of December and there are no signs of seasonal weakness in our congestion tracker.

X-Links Crude Oil Shares Covered Call ETN (USOI US)

X-Links Crude Oil Shares Covered Call ETN

EIA Nugget: Another STRONG Demand Week for Energy in the US