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The US dollar is the official currency of the United States of America.

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

The Russian ruble is the official currency of The Russian Federation. 

The Chinese renminbi (yuan) is the official currency of The People's Republic of China. 

The euro is the official currency of the European Economic & Monetary Union.  The US dollar is the official currency of the United States of America.

VanEck Vectors Israel ETF is an exchange-traded fund incorporated in the USA. The fund seeks to replicate as closely as possible, before fees and expenses, the total return of the Bluestar Israel Global Index. The Index is a rules-based index intended to track the overall performance of publicly traded companies that are generally considered to be Israeli companies.

Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane, but commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium. It is formed when layers of decomposing plant and animal matter are exposed to intense heat and pressure supplied by existing under the surface of the Earth over millions of years. The energy that the plants originally obtained from the sun is stored in the form of chemical bonds in the gas.

iShares MSCI Saudi Arabia ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the investment results of a broad-based index comprised of Saudi Arabian equities.

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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

Geopolitical Analyst, Steno Research, Steno Research

Mikkel Rosenvold

Geopolitical Analyst based out of Copenhagen, Denmark.

Fields of expertise span European Politics, Global Conflicts, Geopolitical Strategy and Political Economy.

Geopolitical Analyst, Steno Research

Mikkel Rosenvold
Geopolitical Analyst, Steno Research
• Steno Research

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