IIR's February 13 Market Scorecard Brings You Breaking Geopolitical News

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Researched by Industrial Info Resources (Sugar Land, Texas)--Stay current with the latest geopolitical events, and more importantly, instantly connect to how these events may impact you and your business strategies.

Event	MarCon*	IIR Comment	Outlet	IIR News
All eyes on coming U.S. inflation figures as guide to crude prices		The main driver for the price of oil this week will certainly be the latest reading in U.S. inflation, but keep an eye on demand forecasts from the likes of OPEC and the IEA, analysts said. Crude oil prices last week were largely influenced by force majeure declarations that are limiting the flow of oil from the port of Ceyhan in Turkey, which was devastated by two massive earthquakes. West Texas Intermediate, the U.S. benchmark for the price of oil, was flirting with a weekly rally of 8 percent. The rally was supported by Friday's decision from Russia to trim 500,000 barrels of production per day come March, which Deputy Prime Minister Alexander Novak said would "help restore market relations."	Houston Chronicle	Earthquakes Delay Oil Exports from Turkish Port
Oil prices posts gains after Russia says it will cut output by 500,000 barrels a day		Russia will cut oil output by 500,000 barrels per day in March, Deputy Prime Minister Alexander Novak said on Friday, following Western bans on Moscow's crude and oil products implemented in the past few months. The announced production decline amounts to roughly 5% of Russia's latest crude oil output, which Paris-based watchdog the International Energy Agency estimated was down at 9.77 million barrels per day in December.	CNBC	IIR's February 6 Market Scorecard Brings You Breaking Geopolitical News
Oil falls on demand fears as Fed nears 'make or break moment'		Oil prices slipped on Monday as investors focused on short-term demand concerns ahead of key U.S. inflation data. "Crude prices are softening as energy traders anticipate a potentially weakening crude demand outlook as a pivotal inflation report could force the Fed to tighten policy much more aggressively," said Edward Moya, senior analyst at OANDA, referring to U.S. consumer price data due on Feb. 14. "This week could deliver a make or break moment in how bad a recession Wall Street prices in."	FXEmpire	Shareholders Remain Primary Beneficiaries of Historic Profits at Integrated Oil Supermajors
U.S. jet shoots down 'high-altitude object' over Alaska		A U.S. fighter jet shot down a "high-altitude object" in Alaskan airspace Friday, officials said, marking the second such encounter in a week after the plodding cross-country flight by a suspected Chinese spy balloon unleashed ferocious political blowback against the Biden administration. The latest object, which officials say they have not conclusively identified, was roughly the size of a car, and much smaller than the Chinese airship shot down Saturday, said Brig. Gen. Patrick Ryder, a Pentagon spokesman. U.S. military officials offered few details, however. They do not yet know the object's origin, its capabilities or what the craft was doing over U.S. airspace, Ryder said, noting that it was first detected by radar on Thursday.	Washington Post	Bears, Bulls Argue Over China's Effect on 2023's Oil Markets
China says more than 10 U.S. balloons flew in its airspace		China on Monday said more than 10 U.S. high-altitude balloons have flown in its airspace during the past year without its permission, following Washington's accusation that Beijing operates a fleet of surveillance balloons around the world. The United States denied that it operates any surveillance balloons over China. The Chinese allegation came after the U.S. shot down a suspected Chinese spy balloon that had crossed from Alaska to South Carolina, sparking a new crisis in bilateral relations that have spiraled to their lowest level in decades.	AP News	Bears, Bulls Argue Over China's Effect on 2023's Oil Markets
Climate change may worsen cholera crisis in Africa: WHO		Climate change may be increasing the impact of cholera in African countries. The continent is likely to see its worst cholera crisis this decade, driven by extreme weather events and poor water supply and sanitation infrastructure, according to the World Health Organization (WHO). Cholera cases are rising globally and 31 countries across the world have reported outbreaks of the disease since January 2022. Around half, or 15 countries, are in Africa. The exponential rise in cholera cases in 2023 was also pointed out by a WHO February 9, 2023 statement.	DownToEarth	South Korea's Eubiologics Invests in Cholera Oral Vaccine Products
Week 02/06/23 - 02/13/23		Bulls, Bears, Oh my!! Tight supply getting tighter with the latest news out of Mother Russia - following the supply affecting, unfolding humanitarian crisis in Turkey & Syria as the Region works to recover following the massive earthquakes and the Bulls rejoice. Only to have their champagne sour during their celebration because of worsening financial news enabling the Bears to step to the fore. But both of their eyes turn to the intrigue of possible escalating Eagle (US) - Dragon (China) tensions. Going to be an interesting week ahead..
*MarCon (Market Condition 1-5, with 5 being the highest impact) indicates directional bias or price effect for the relevant commodity (Oil, Natural Gas, Chemicals, etc.) and is graded by our team of experts here at IIR.

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