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

Energy Cable #48 – Natural Gas Longs to Scholz: “Thank You!”

Energy Cable #47: Price Always Leads Narrative

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

Commodities

<ul><li>Welcome to this week’s Energy Cable.</li><li>We finally got stopped out of our crude oil trade at the beginning of last week, only to see crude rally at the end of the week on the back of the FOMC meeting and again today due to the supply chain.</li><li>We also entered a long in utilities as advertised last week and we are already enjoying a healthy plus, also as a consequence of the FOMC.</li></ul>

Welcome to this week’s Energy Cable.We finally got stopped out of our crude oil trade at the beginning of last week, only to see crude rally at the end of the week on the back of the FOMC meeting and again today due to the supply chain.We also entered a long in utilities as advertised last week and we are already enjoying a healthy plus, also as a consequence of the FOMC.

Crude Oil

Energy Cable #50: Oil Back in Fashion