IIR's November 25 Market Scorecard Brings You Breaking Geopolitical News

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
Here's where ceasefire talks in the war between Israel and Hezbollah have been stuck		Diplomats and other officials say there have been several sticking points in ceasefire talks to end the war between Israel and the Lebanese militant group Hezbollah, even as conditions for an agreement appear to be ripe. Following the latest visit to the region by a U.S. mediator, Israel hit central Beirut over the weekend, and Hezbollah responded with its biggest barrage in weeks as each applied pressure to reach a deal. The proposal under discussion to end the fighting between Israel and Hezbollah calls for an initial two-month ceasefire during which Israeli forces would withdraw from Lebanon and Hezbollah would end its armed presence along the southern border south of the Litani River.	AP News	Shell Wins Landmark Climate Case Against Green Groups
Ukraine war: New weapons and nuclear threats in a week of change		The stakes have never been higher in the Ukraine-Russia war. In the week that saw the conflict pass its 1000th day, Western powers substantially boosted Ukraine's military arsenal - and the Kremlin made its loudest threats yet of a nuclear strike. This week's developments may not be the start of the war escalating out of control - but the start of a tussle for the strongest negotiating position in potential future talks to end it.	BBC	France to Secure Financing for Six New Nuclear Reactors by Year-End
Oil steady as markets brace for OPEC+ signals and rising geopolitical tensions		Oil prices were little changed on Monday ahead of an upcoming OPEC+ meeting and following 6% gains last week and as geopolitical tensions remained high. Russia's Defence Ministry said on Monday its forces had shot down eight ballistic missiles fired by Ukrainian forces in the last 24 hours, Russian state media reported. Meanwhile, Ukrainian military said it had struck an oil depot overnight in Russia's western Kaluga region. Markets are also expected to move this week ahead of an OPEC+ meeting set for Dec 1 where the group may stick with deep oil cuts.	Reuters	AAA Publishing EV Charging Rates Along With Gasoline Prices
European stocks inch higher as global markets rally Asia markets kickstart data-heavy week on a strong note Dollar retreats from 2-year peak; Gold sheds 2% on profit taking, after Trump Treasury nomination		European stocks were slightly lower Monday as global market sentiment rose. U.S. stock futures climbed Monday as Wall Street kicked off a shortened Thanksgiving trading week. Markets are closed on Thursday for Thanksgiving Day and end early on Friday. Meanwhile, Asia-Pacific markets mostly rose Monday, with investors awaiting a slew of economic data this week, including China industrial data and India's third-quarter gross domestic product numbers. The dollar retreated on Monday after a stellar run as the pick for U.S. Treasury secretary seemed to reassure the bond market about fiscal discipline, pulling yields lower and shaving some of the currency's rate advantage. However, Bessent has also openly favoured a strong dollar and supported tariffs, suggesting any pullback in the currency might be fleeting.	CNBC	DOE Commits Up to $2.2 Billion for Two Hydrogen Hubs
Natural Gas News: Inventory Surplus or Weather Demand - What Will Drive the Market?		The market recorded a strong 10.84% weekly gain, driven by colder weather forecasts and robust demand expectations. However, Friday's sell-off highlighted the market's sensitivity to oversupply concerns and profit-taking. The sell-off coincided with slightly warmer adjustments in weather models, which reduced the intensity of projected heating demand. Additionally, prices faced resistance at $3.563, near the October high, prompting a technical correction	FX Empire	Conference: Permitting, Siting Reforms Needed to Meet Future Energy Needs
Southeast Asia acknowledges China's influence, but South China Sea tensions sow distrust - study Vietnam, Malaysia Seek to Smooth Tensions in South China Sea		An overwhelming majority of Southeast Asian elites prefer the Asean bloc to lead the region, especially as issues such as China's assertive actions in South China Sea tensions strain relations with Beijing, according to a new study. The findings come from the study, "Elite Perceptions of a China-Led Regional Order in Southeast Asia" by National University of Singapore political science professors Selina Ho and Terence Lee. The study surveyed nearly 600 politicians, business leaders, diplomats, bureaucrats, and experts from Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam as "they are directly responsible for formulating their countries' foreign policy."	SCMP Bloomberg	GlobalFoundries Announces CHIPS Act Funding
Data Centers Highlight the Limits of Renewable Energy Scaling		Until about a year ago, no one paid much attention to data centers. Everyone used them, of course, but they didn't think about them. Then, the AI rush began. It was followed by a rush for energy supply. One year in, and data centers are threatening the very energy transition on which so many governments have staked everything. Power utilities, regulators, and climate activists appear to be experiencing growing concern about the immediate outlook for oil and gas demand, Reuters reported this week, saying the fast growth in demand for electricity caused by the mushrooming of data centers had come as a surprise to many.	OilPrice	As COP29 Gets Underway, IEA Sounds Alarm for Energy Transition
Week 11/18/24 - 11/25/24		Might this week of Thanks-Be-Giving Stateside bear witness to the first overtures of peace and conflict resolution as those in Eastern Europe and in the Middle East sit at the "table of negotiation" to break bread while discussing what agreement(s) and concession(s) can be reached. Or will further escalation occur with neither side willing to compromise? Most likely the latter but one can hope. Speaking of "tables," OPEC+ is about to draw around theirs in all likelihood to extend their cuts as global economies - especially China - remain slow to recover in these times of inflation and uncertainty. However, global market sentiment is rising but will the data tell yet another story? For the moment, Mr. Oil Market is holding steady waiting on more news - be it geopolitical or economical - to determine a clear direction...
*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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