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Egypt's Alexandria and Dekheila Ports Pause Activity Due to Weather

Egypt's Alexandria and Dekheila ports were closed on Wednesday due to poor weather conditions. (Reuters file photo)
Egypt's Alexandria and Dekheila ports were closed on Wednesday due to poor weather conditions. (Reuters file photo)
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Egypt's Alexandria and Dekheila Ports Pause Activity Due to Weather

Egypt's Alexandria and Dekheila ports were closed on Wednesday due to poor weather conditions. (Reuters file photo)
Egypt's Alexandria and Dekheila ports were closed on Wednesday due to poor weather conditions. (Reuters file photo)

Egypt's Alexandria and Dekheila ports, which both lie along the Mediterranean, were closed on Wednesday due to poor weather conditions, the Alexandria Port Authority said in a statement.

The ports are among the biggest in Egypt and each can handle a maximum of 1 million 20ft-equivalent units (TEUs).

High winds and a dust storm were blamed for the stranding on Tuesday morning of a 400-meter-long container ship that ran aground in Egypt's Suez Canal, blocking vessels from passing through.

Four Egyptian Red Sea ports had been shut on Tuesday, also due to weather conditions, and all except the Ain Sokhna port have now re-opened said the Red Sea Ports Authority and the Suez Canal Economic Zone Authority in separate statements.

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Putin, Al-Sudani Discuss OPEC+ Coordination on Oil Price Stability

Russian President Vladimir Putin
Russian President Vladimir Putin
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Putin, Al-Sudani Discuss OPEC+ Coordination on Oil Price Stability

Russian President Vladimir Putin
Russian President Vladimir Putin

Russian President Vladimir Putin and Iraqi Prime Minister Mohammed Shia al-Sudani on Thursday discussed the importance of coordination between OPEC and OPEC+ members on oil price stability in a manner that guarantees fair prices for exporters and consumers.

Putin held a phone call with al-Sudani during which they discussed the OPEC+ oil agreement and the situation in the Middle East, the Kremlin said.

The telephone conversation came days prior to an OPEC+ key meeting expected early next month.

Reuters said that OPEC+ may push back output increases again when it meets on Dec. 1 due to weak global oil demand, according to three OPEC+ sources familiar with the discussions. Ministers last shelved the increase for a month when they met virtually on Nov. 3.

In a statement, the Kremlin on Thursday said Putin and Al-Sudani touched upon various aspects of coordination as part of OPEC+, a format that helps maintain stability in the global oil market, and reaffirmed the importance of continuing to coordinate steps in this format.

The Middle East issues were also mentioned in light of the unprecedented escalation of tensions in the region, it added.

The parties also agreed on further contacts at various levels, the statement said.

Later, Al-Sudani’s office said the phone call touched on energy-related matters, highlighting the importance of coordination among all concerned countries within OPEC and the OPEC+ group to stabilize oil and gas prices, ensuring fair pricing for both producers and consumers.