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BREAKING
Al Mayadeen's correspondent: One was killed, another injured in a raid by an Israeli drone on the city of Khiam in South Lebanon
London views possibility of setting fire to tanker in port of friendly country to Russia to damage port infrastructure, initiate an international probe: Moscow
One of London's scenarios involves setting up accident with 'undesirable' tanker in one of the bottlenecks of maritime communications: Russian foreign intelligence agency
London plans to organize major sabotage with tankers to declare transportation of Russian oil to international shipping: Russian foreign intelligence agency
UK intelligence agencies plan to use NATO allies to launch massive raid on 'Shadow Fleet': Russian foreign intelligence agency
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.

Hurricane Ida Ravages the Gulf Of Mexico and Affects Oil Prices

  • By Al Mayadeen
  • Source: Agencies
  • 30 Aug 2021 14:32
2 Min Read

Oil prices fell from a four-week high on Monday as Hurricane Ida shut down US Gulf oil production.

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  • Hurricane
    Hurricane Ida ravages the Gulf of Mexico

According to Reuters oil prices fell from a four-week high Monday, as Hurricane Ida faded after forcing precautionary shutdowns of US Gulf oil production, and the focus shifted to an OPEC meeting on Wednesday to consider a further increase in output.

Moreover, Reuters stated that Brent crude was down 35 cents, or 0.5 percent, at $72.35 by 0815 GMT, after hitting a high of $73.69 earlier. Crude oil in the United States declined 69 cents, or 1%, to $68.05, after reaching a high of $69.64, the highest since August 6.

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According to the Office of Safety and Environmental Enforcement, energy companies had shut down 91 percent of oil production in the US Gulf of Mexico by Saturday, or 1.65 million barrels per day, as Ida approached drilling rigs and other infrastructure.

By midday Saturday, oil and gas firms had evacuated 290 offshore installations and relocated 11 drilling ships out of harm's way, according to reports.

After becoming a highly hazardous Category 4 hurricane, "Ida" slammed into "Port Fortune" shore in Louisiana, the heart of the Gulf's maritime oil industry, as per the National Hurricane Center.

  • Hurricanes
  • Mexico
  • Oil prices
  • hurricaneida
STOP THE HEAT: A Climate Change Coverage

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