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BREAKING
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces

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.

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  • Mexico
  • Oil prices
  • hurricaneida
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